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The consumer debt phenomenon is on the rise.
It is a growing problem in the United States and other developed nations, and there are growing numbers of Americans living on or near the poverty line.
Consumers have been reluctant to borrow, which means they are less able to afford to purchase new things.
According to the Federal Reserve, the consumer debt burden for Americans has grown by $7.5 trillion since 2008.
Consumer debt is also rising in countries around the world, including China, India, Brazil, Argentina and Spain.
The trend has been particularly pronounced in the US, where the median income is $51,800 a year, which is nearly $5,000 less than it was a decade ago.
The number of Americans on food stamps has risen from about 30 percent to about 40 percent.
But it’s not just the United Kingdom, Germany, France and Canada that have seen consumer debt levels rise.
A report published last year by the Pew Research Center found that the number of people on the federal food stamp rolls in 2015 was 7.1 million, up from 5.6 million in 2014.
In 2016, the number rose to 9.6 percent.
The report cited a study that found that households on the government-subsidized food stamps have experienced higher levels of income inequality and lower levels of consumer spending.
The rise in debt has not been limited to just the US.
The U.K. has seen its credit ratings downgrade from investment grade in May 2017 to junk status, according to Bloomberg News.
This comes as the country faces the fallout from Brexit and a rise in unemployment, with a recent poll showing that just 22 percent of Brits have jobs.
The British government is also in the process of implementing a new tax on luxury goods, including cars and luxury watches, which has prompted consumer outrage.
In some countries, consumer debt has risen as a result of economic problems, such as in the eurozone.
In Finland, consumer credit fell by about 10 percent in 2016 due to low oil prices and rising unemployment.
In Greece, the situation is not much better.
The country is still in recession, and some economists are forecasting a possible return to recession next year.
According the latest Eurostat figures, the unemployment rate in Greece stands at 8.4 percent, which translates to nearly 6 million people out of a workforce of roughly 4.3 million.
“The impact of low inflation and unemployment is not going to stop rising.
This debt is going to get more and more deleterious and more and further damaging for the Greek economy and its people,” said Christos Kourtas, an economist at the Greek Statistical Institute.
The problem isn’t limited to Greece, either.
A survey by the Financial Times shows that some countries are experiencing more debt crises than others.
For example, Japan, a country that is struggling to balance its books, has debt of about $300 billion.
The United States has the second-largest debt pile in the world with more than $1.3 trillion.
The biggest problems are in developing countries, where debt levels have risen to levels that are out of step with the broader economic trends.
In South Africa, for example, the rate of consumer debt rose by more than 70 percent between 2014 and 2016, while in India, the figure was close to 30 percent.
And a survey published by the World Bank found that in many countries, consumers are unable to pay back their debt.
The global trend has also led to a massive expansion in the number and type of consumer credit.
The International Monetary Fund recently published a report which found that debt levels rose by an average of more than 60 percent per year in the past decade.
In many countries across the world these trends are being driven by economic downturns, rising unemployment and rising poverty.
In other words, it’s a trend that is taking hold and could have devastating consequences for people’s lives.