American consumer debt -- not counting mortgage
debt -- now equals a record $1.98 trillion.
is a hard concept to grasp. It's a million million. A thousand billion. Or
A billion is hard enough to understand.
A billion is a thousand million. Or 1,000,000,000.
seconds ago, in 1972, President Richard Nixon visited Mainland China. Later in
the year five "burglars" broke into the Democratic National Committee
headquarters in the Watergate Hotel.
A billion minutes ago
it was the year 103 A.D. A billion hours ago our ancestors were living in the
But a billion dollars ago for consumer debt was
just about two weeks ago!
You can be part of the solution
instead of the problem. Learn to recognize and deal with your debt -- with the
help of Bankrate's 2004 Guide to Managing Debt.