Infographic: Attack of the Debt Monkey

By Money-Rates.com July 02, 2012, 03:11:52 AM EDT

It seems like every few months in Washington, a debate rages over the federal budget deficit or debt ceiling -- until some last-minute agreement emerges and the crisis appears to pass. But have these stopgap measures done anything to address the underlying issue of America's growing debt?

This is not just a government issue; the average American has also taken on an unmanageable level of debt. This addiction to debt contributed to the recession and financial crisis a few years ago, and the fundamental problem has yet to be addressed by the government or most individuals.

This MoneyRates.com infographic examines how this debt burden weighs on America like a monkey on its back.

Embed in your site:

<a href="http://www.money-rates.com/advancedstrategies/savings/infographic-attack-of-the-debt-monkey.htm"><img src="http://www.money-rates.com/imagesvr_ce/6573/debt-monkey-final-draft-final.jpg" alt="Attack of the Debt Monkey Infographic" width="600" height="2050" border="0" /></a><br />Courtesy of: <a href="http://www.money-rates.com">MoneyRates.com</a>




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Personal Finance, Banking and Loans

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