Monday, October 19, 2020

Most American Families are Deep in Debt and Living Paycheck to Paycheck

Most American Families are Deep in Debt and Living Paycheck to Paycheck Most American Families are Deep in Debt and Living Paycheck to Paycheck Coming into this year, most Americans were living paycheck to paycheck and were very deep in debt. That works okay as long as the paychecks keep coming in, but once they stop things can take a disastrous turn very quickly. Today, the average American has accumulated $90,460 in debt, and Generation X is drowning in more debt than anyone else… Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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