I often read about the "over-extended" and "savings-strapped" American consumer, but then I look at the numbers and don't feel very alarmed. It's true that consumer credit has grown dramatically over the last couple of decades, but so has disposable income. I feel more anxious about the "ballooning" of uninformed hyperbole than anything else.

You don't want to buy into alarmist arguments, especially ones that are based on conveniently selected sets of statistics, without looking at all the facts for yourself.

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