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We’ve been down this road before

“Total household debt rose 3.5 percent from a year earlier in the April-to-June period, to a record $13.3 trillion, while mortgage debt also rose 3.5 percent, to a whopping $9 trillion.”

Cash-Strapped Americans Are Willing to Leverage Their Homes to Pay the Bills

Twenty-four million homeowners think it’s acceptable to tap into home equity to cover everyday payments.