Questions: 

• What's the overall trend with consumer debt since 2003? 
• Which loan type has grown the fastest since 2003? 
• Estimate percentages for each of the three loan types. In other words, what percentage of overall consumer debt is auto loans, student loans and credit card debt
• What additional data points would you need to know in order to assess how stressed consumers are with debt payments? 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.