Poll: 30% of American Adults in More Debt Than a Year Ago

Thirty percent of American adults owe more money than they did a year ago, a Rasmussen Reports national survey found

Rasmussen Reports asked 1,000 adults via telephone on July 8-9, “Do you owe more money, less money or about the same amount as you did a year ago?”

Thirty-eight percent of those surveyed said their level of debt was about the the same and but nearly half of young Americans currently have more debt than last year.


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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