Mortgages, Auto Loans And Credit Card Debt: How The Poor Are Fuelling The Booming U.S. Economy

With borrowing costs rising and effects of tax cuts set to wear off, a shock could push the most vulnerable over the edge, and take the recovery with them

via Jonathan Spicer 

By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt.