Aug 10, 2010
Is debt a problem for everyone?
Economists have pointed out that American households took on substantial debt over the past 30 years. Many households are now scrambling to pay down on debt, and this is one reason why consumer spending has been slow. But do all households have to worry about debt? Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, responds.