Money experts warn America is at risk because consumer debt rose $185 billion. Why they are insane . . .

I have been warning about this since before Trump was a thing..Sorry. Its too late to stop it now. There will be tears before bed time...😷

Ehhhh, no. Consumer debt tends to have much higher interest rates and more importantly, consumers are way more likely to default on debt than the government is. When a large, mass-scale default on debt happens, that can crash the economy, much like the 2008 subprime mortgage crisis. Government debt is also pretty bad right now and it's only getting worse as we cut taxes on the rich over and over, but the amount isn't the only thing that's important here.

The fact that consumer debt is rising like this is also a pretty bad sign, you know? Families are feeling the squeeze, financially, more and more. Consumers are being systemically un-taught personal finance skills and buying quadrillion dollar cars, and the only people making small, affordable sedans these days are in Asia. Past a point you gotta ask yourself, where is all this leading?

The real definitive question is what the people used that extra 1 % of debt for is what needs to be asked and answered.
Is it for new cars, homes etc or is it where people are starting to run up extra debt on Consumables like putting food on the table to feed their families because what is coming in earnings doesn't match what is going out to sustain themselves ????
If that is what is causing the 1% rise it is not good as it will constantly spiral upwards each and every month and it won't stay at 1% either.
Because nearly every time you go to store to buy food the prices have increased and the price increases are mostly targeted at the basic foods you need to buy to feed the family. There are normally many special offers on the Candies, Soda's etc that you don't need to buy though, but rarely if ever that you will get for example two bottles of milk for the price of one or two loaves of bread for the price of one etc.

No debt is ever good whether it is National or personal debt it eats up your resources that are coming in be it the country or you as a person both case scenario's are a disaster coming you get to the point with either where it will exceed what comes in as we all know having and outstanding balance on a credit card and only making minimum or part payment is exactly what the credit card companies want that is how they make their money. But as an individual you soon end up owning them more than you actually spent in the first place and the amount gets bigger and bigger until you cannot sustain or pay it off.

The only time you want debt is as a business where you can use it as a tax deductible against your earnings.

Consumer debt and government debt are two entirely different matters . . despite the efforts of conservatives over the years to conflate their meanings.

Consumer debt (and the financially reckless corporations who stoked it) led to global recession from 2007-8, which no one has fully recovered from. Government debt in a mature economy is controlled by tax and spending, which is a matter for negotiation between government and citizens.

The only way the.USA will begin to look like Venezuela, Zimbabwe, or Argentina is if your president continues to interfere in the decisions of the Federal Reserve in textbook populist fashion.

they continue buying gashogs, lottery tickets, tattoos, iphones, giant screen tv's, tobacco, junk food, spoil pets, etc etc etc