+Economy & Policy | 1467 days ago

Americans aren’t the only people who’ve been running up debt

By wpcomimportuser1

The WSJ has a story today about how the global credit crunch is pounding the UK economy. One passage caught my eye: According to the most recent data from Paris-based Organization for Economic Cooperation and Development, total consumer debt in the U.K. stood at 164% of annual disposable income at the end of 2006, by [...]