It Is Not Just The Poor Or Middle Class Which Is Taking On Lots Of Debt – ValueWalk Premium

It Is Not Just The Poor Or Middle Class Which Is Taking On Lots Of Debt

There is a general wisdom spread among economists that the poor struggling with debt relative to the wealthy. A new report from Capital Economics, however, takes a different tact. US Chief Economist Paul Ashworth disputes this notion, asking and attempting to answer the question in a new report titled: “Are the poor drowning in debt as the rich get richer?”

Top income brackets accumulate more wealth, but they also have more debt, increasing debt-to-Income ratio for the elite, also
The shrinking middle class over the last two . . .

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