> First you use your credit cards to keep things going, eventually that runs out your now in twice as much debt at much worse interest rates, and soon that's go

> First you use your credit cards to keep things going, eventually that runs out your now in twice as much debt at much worse interest rates, and soon that's gone. Consumers have more financing options then ever, like when you buy a mac book over 18 months interest free versus paying straight up. Car loan preference has gotten longer: 5-6 years for example. Its not necessarily good that more financing options leads to more debt, but its not apocalyptic either. This really depends on how they're measuring, and if they count balances that are being paid off in a timely manner or if these are minimum payments incurring interest.