The Personal Recession and the Consumer Debt Crisis

American consumer debt has surpassed 17 trillion for the first time ever credit card debt continues to go up. We're seeing this more concentrated in that middle and working class arena. People who are wealthy are able to kind of shift around and make some different decisions about how they allocate their spending. But when you have to go to the grocery store or pay your rent or whatnot, it's really put people in a tough position.