Journal Article

Extra credit: the rise of short-term liabilities


Abstract: Not only are more American families in debt, but the median value of the debt more than doubled between 1989 and 2004. Credit cards and payday loans are two of the favorite tools for digging the hole deeper.

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Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2008

Issue: Apr

Pages: 12-13