The writer of the article suggests the rise in consumer debt is a sign of an accelerating economy. I disagree. I see it as a sign that incomes have not kept pace with the cost of living.

The wealth gap is widening further. Unfortunately, non-wealthy people are paying interest that benefits the wealthy executives and shareholders of finance companies. Do your part. Reduce your debt and reduce the amount of wealth transfer from the many poor to the few rich. (Or buy some shares of BofA?)

http://www.usatoday.com/story/money/business/2014/09/08/consumer-credit-july/15296323/