There aren’t a lot of surprises in this CNN/Money article about debt. On the surface, it shows that wealthy people borrow less money than non-wealthy people. I don’t think that’s news to many people. I also don’t think it’s news that wealthy people’s incomes are growing faster than non-wealthy people.
What I found very surprising, though, is that the non-wealthy used to borrow less money than the wealthy did.
Read more
