Consumer debt soars in Asia

Consumer debt soars in Asia - UPI.com

 Across Asia, excluding Japan, consumer credit for non-mortgage loans has jumped 67 percent in the past five years to $1.66 trillion, data from Euromonitor International shows.
Euromonitor figures show motorcycle and car loans at $219.7 billion in 2012, nearly twice as high as five years earlier. Credit card debt in the same period reached $234.1 billion, a 90 percent jump in five years.
By comparison, in the financially shell-shocked United States through the same period, consumer debt rose by 10 percent, The Wall Street Journal reported Monday.