Yes,the economic downturn affected the average household consumer debt.Because the economy was so bad many people lost jobs.In order to pay bills they relied on credit cards which in no way could they pay back so they continued to rack up more and more debt which became harder to pay as well.
The economic downturn is affecting the average consumers household debt in a negative way. People are having to pay some of their bills on their credit card because of the governments bad economic policies. I there were less of a tax burden on people, that would help them out tremendously.
The economic downturn is affecting the average householder's consumer debt. We basically can not live the way that we used to. We find ourselves creating more debt to try to stay a float in this rough economy. I think that the economic downturn has affected everybody in one way or another.
I believe the poor economy does indeed effect the householder's debt. With average people bringing in less income, but living more and more out of there means, debt piles up. And in order to keep living such lives, people borrow from banks or credit companies, and as work becomes harder and harder to find, we tend to fall deeper into when we put payments to these companies on the back burner.
If the average person in America is part of America. Yes, it is going to hurt them. They are part of the country and things will always trickle down. You can't have the middle class not affected by downturn,when its the most important. You need a balance between wealth classes, middle class citizens are not the 1%'s..