CNN reported: “Whole family debt climbed to $12.58 trillion on the finish of 2016, a rise of $266 billion from the third quarter, based on a report from the Federal Reserve Financial institution of New York. For the yr, family debt ballooned by $460 billion — the biggest enhance in virtually a decade. Which means the debt a great deal of People are flirting with 2008 ranges, when whole client debt reached a file excessive of $12.68 trillion. Bank card money owed rose by $32 billion to hit $779 billion.”(cnn.com)