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Research the current state of us consumers

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Reference no: EM132466941

Research the current state of U.S. consumers with regards to trends in our outstanding balances of consumer credit. Then, respond to the following questions:

  • How much consumer credit (do not include mortgages) does the average household use? 
  • Is the amount increasing or decreasing? 
  • Why do we use credit?
  • In your opinion, is the average amount of credit being used "reasonable"? Explain.

Reference no: EM132466941

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