10 Cities Where Americans Are Deepest in Debt—but Still Buy Homes!

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We know credit card debt is dangerous yet people go into deep debt on a continual basis.. US-credit-card-debt-growth-by-city-Q2-. Americans buying homes and cars they couldn't afford and using real estate as a piggy bank. The next massive debt bubble to crush the economy – 10 charts examining the upcoming.

Key Findings The Places Where Residents Can Afford the Most Home 1. St. Louis, MO-IL St. Louis is the metro area with the most affordable homes, according to our analysis. to five years’ worth of.

Which cities in America have been tightening their belts the most and getting down to the tough business of cutting their credit card debt?turns out, consumers in areas where the recession hit port st. Lucie saw the largest declines in debt as a percentage of income nationally, at 23.59 per cent.

 · 10. Modesto, California. Modesto’s economy is based largely on the agricultural industry, as fertile farmland surrounds the city. Modesto is also home to the largest winery in the world, E & J Gallo Winery, which employs over 3,000 workers.

Is the South racist? We asked South Carolinians | AJ+  · So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion. For a smart take on how President Obama and House Republicans should end gridlock over debt and deficits, see our new GlobalPost series The Negotiator,

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 · According to the Washington Independent, a “Brandeis University study finds that four in 10 families don’t have enough savings or assets on hand to pay for essential expenses during a period of unemployment. The report also notes that the poor economy is hitting minority households particularly hard, erasing their economic gains of the past two decades and widening a racial wealth gap.

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