History of bank loan popularity? is it increasing? do you have any links to studys about the popularity?

Question

I was wondering if the amount of people in relation to the population has become more dependant on bank loans these days to make purchases for homes and cars and businesses and college?

I have a feeling its been increasing for a while but i just would like to see some studys done on it or some web info or any information at all about this.

thanks.

oh and by the way I think taking out a loan means that you cant really afford it, and it causes dependance and is against american ideals. And is also proof that the wealth of the nation is an illusion.

Answer 1

the Government itself is in debt and moreso than ever are the general public depending on loans and credit cards. reasons: Cars, Education, being taxed to death in metropolitan areas, economy is lesser than than a few years back.