No Joy in Heavy Personal Debt

An AP report indicates that "Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double- digit percentages in the last year and prompting warnings of worse to come." Analysis of financial data from the country's largest card issuers also found that the greatest rise was among accounts more than 90 days in arrears.

Racking up heavy personal debt is the antithesis to Breathing Space!