Economic Decline in a Culture of Credit

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Americans are carrying $2.5 trillion in consumer debt. The average household owes credit card companies $8,500. Will that be the next bubble to burst? Will consumers change their behavior to meet the challenges of a troubled economy? Also, Barack Obama speaks in Berlin, and an oil spill has closed the mouth of the Mississippi River to shipping but not to pollution, creating threats to wetlands and the water supply.

Photo: Joe Raedle/Getty Images



Warren Olney