America's Poor, Deeper in Debt Than Ever - Bloomberg View:
Fresh data from the Federal Reserve shows that millions of the poorest families are still very deep in the hole -- and might be getting deeper.
The triennial Survey of Consumer Finances, released by the Fed last
week, confirms an overall improvement in the state of U.S. household
finances. The average debt burden for all families stood at about 105
percent of pretax income in 2013, down from about 125 percent in 2010
and the lowest level since the 2001 survey.