Commentary
U.S. household debt increased by 15.2 percent last year and now stands at 36 percent of the GDP, while household financial savings are at the lowest in 30 years.
A shopper shows off some of his credit cards as he pays for items at Lorenzo's Italian Market in Miami, Florida, on May 20, 2009. Joe Raedle/Getty Images
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
