{"id":31779,"date":"2018-03-01T14:55:38","date_gmt":"2018-03-01T19:55:38","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31779"},"modified":"2018-03-01T14:55:38","modified_gmt":"2018-03-01T19:55:38","slug":"inflation-is-in-the-rear-view-mirror","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31779","title":{"rendered":"Inflation is in the Rear-View Mirror"},"content":{"rendered":"
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Inflation is in the Rear-View Mirror<\/a><\/h3>\n<\/div>\n
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43 percent of credit card holders carry a balance. Delinquencies are rising. It’s a deflationary debt trap.<\/p>\n<\/section>\n<\/div>\n<\/header>\n
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Revolving Credit Hits New Record High<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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In December, revolving debt has topped the previous high-water mark of $1.021 trillion set in April of 2008. Debt as of December 2017 (the latest available) is $1.028 trillion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Relationship Killer<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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In addition to student loans, credit card debt is another factor holding down home ownership and family formation. Studies show Credit Card Debt is a Relationship Killer<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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