Editorial Board

The Middle Class Has a Debt Problem

Government should stop subsidizing borrowing.

Now with a double helping of debt.

Photographer: Housewife / Getty Images

Of all the burdens weighing on the American middle class, one has grown immensely in recent years: debt. Absent reform, it presents one of the gravest threats to the prosperity of the typical family.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.