US Consumer Credit Card Debt Balloons to All-Time High

American consumers have accumulated .02 trillion of debt on their credit cards as of June, according to the US Federal Reserve. This is more than the record set just before the 2008 financial crisis.
US household debt balances were .73 trillion in March 2017, compared to the 2008 peak of .68 trillion.

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Animation between Robert and the Cloud regarding debt and ways to properly manage debt.