Involuntary Servitude, Traditional Slavery, And Debt Slavery Slavery For The Modern Times – Part 5

So, continues the debt train.  Choo-choo!  Today, 70% of automobile purchases involve financing through an automobile loan.  In addition, the lengths of automobile loans have gotten progressively longer.  45% of automobile loans are more than 6 years in duration.  45% of automobile loans are issued to what are classified as subprime borrowers. Mortgage debt in the United States is approximately 5 times larger than 20 years ago.  Mortgage debt as a percentage of Gross Domestic Product has more than tripled since 1955, at least 8 Read More +