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'Running off the cliff': An explosion of household debt has put the US economy in a tough spot - Business Insider

'Running off the cliff': An explosion of household debt has put the US economy in a tough spot - Business Insider

Americans are borrowing more and saving less. That's created a major vulnerability in the US economy, SocGen is warning.

America's swelling debt pile bodes ill for the the US economy, Société Générale said. In a recent note to clients, the European Bank flagged a concerning trend that's taken hold in the US in recent … [+2343 chars]

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