Record Consumer Debt Levels Continue to Climb

by Peter Schiff, Schiff Gold: Consumers continue to add to their record level of debt as higher prices squeeze wallets. Americans added another $40.1 billion to the debt load in June, according to the latest data from the Federal Reserve. That represents a 10.5% year-on-year increase. The surge in debt significantly beat the $27 billion expectation. TRUTH LIVES […]