People commonly demonstrate resilience. One example is the response of many Americans to the September 11, 2001 terrorist attacks and individualsâ efforts to rebuild their lives. Being resilient does not mean that a person doesnât experience difficulty or distress.
The Public Debt Outstanding represents the face amount or principal amount of marketable and non-marketable securities currently outstanding. The Public Debt Subject to Limit is the maximum amount of money the Government is allowed to borrow without receiving additional authority from Congress.
In 2011, the average total unsecured debt was $21,281, and credit cards accounted for just 36% of that figure. For a clearer picture of America's indebtedness, it is critical to look at total outstanding debts - arising from both credit cards and other sources.