American debt

According to new data from credit reporting bureau Equifax, 54 million families carry a collective total of $800 billion in credit card debt. Although this figure is down from recent highs, it's still an unsustainably high level of credit card debt, especially because Equifax's research shows that,...

There are people around the world rubbing their hands with glee at America's supposed collapse, pundits who say this nation is so bankrupt that it has become irrelevant. But author, venture capitalist and DailyFinance columnist Peter Cohan says don't write America's obituary just yet.