
Money – Credit card debt may be the next implosion to hit. As gaps in income are made up by credit card usage, as credit cards max out and people cannot pay them the explosion may be strong.
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U.S. consumers are already burdened with a mountain of debt: $2.54 trillion at the end of February, according to the Federal Reserve. Revolving debt, which typically comes from credit cards, has increased at a faster rate than overall debt since the summer of 2006 -- right about when the housing market began to implode.