Drowning In A Sea Of Debt
Bridgeman isn’t the only one who’s maxed out. Countless Americans have consumed far beyond their means during the recent economic boom, and piled up record amounts of debt from mortgages and credit cards. But now the rainy days that nobody saved for may be setting in, and experts warn that many people may drown in debt if they lose their job. With an unexpected layoff notice, “a family that was doing OK at Christmas may all of a sudden be way under water,’’ says Teresa A....