| From Ibtimes.com: Debt is a problem in the U.S., especially for consumers. Consumers are still stuck with debt they are asked to pay, which at times induces them to make choices that are not good for themselves or the national economy.
One particularly burdensome debt is underwater mortgages -- that is, the debt on a house that is greater than its actual value. About 23 percent of U.S. mortgages are underwater, according to William Wheaton, professor of economics at the Massachusetts Institute of Technology..............................................Full Article: Source
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