According to the latest Federal Reserve figures. Woah.
Banks are now actually asking for credit card debt forgiveness from the government. And I was wondering why suddenly those damned “blank checks” from credit card companies were no longer filling up the mailbox.
Is the age of living beyond one’s means finally coming to and end?
Back about a year my wife and I moved back to the US in something of a hurry. Rather than move all of the stuff we had accumulated in Tokyo, we decided to take only essentials: Stuff to get us going again in the US, and items of sentimental value. This of course left a lot of things to get rid of, and eight years in a place is plenty of time to accumulate a lot of stuff.