American Households Not as Reckless as You Think

American Households Not as Reckless as You Think: "Everybody knows that household debt in America has increased dramatically over the past few decades. But why? One possibility is that we've all been borrowing recklessly and living wildly beyond our means. But there are other possibilities too. Your debt-to-income ratio will go up if (a) your debt increases or (b) your income declines, and that can happen in several ways...."