Households, Businesses Borrowing More.

• Position: Brief Article

Americans are on a borrowing binge, and households and businesses are increasingly in debt. In a number of categories, Americans are setting records for borrowing. For example, combined business and household debt constitutes 130 percent of gross domestic product, the highest level in approximately 40 years. Individuals' level of debt is 102 percent of personal disposable income, whereas in 1992, that figure was 85 percent. In addition to being a cause of concern for...