Consumers Ratchet Up Record Credit Debt With ‘Pre-Downturn Bad Habits’


American consumers have amassed record amounts of credit card debt over the past two years, leaving some economists fearful that irresponsible spending is taking the U.S. back to 2008 crisis levels. Total American credit card debt rose to $917 billion in 2015, breaking predictions that pegged the figure around $900 billion, according to a new research�