For the items on the debt clock that are in a decreasing state I did the calculations to see how long, at their current pace, it would take to reach zero.
Total personal Debt 64 years
Mortgage Debt 82 years
Consumer Debt 141 years
Credit Card Debt 33 years
Federal Reserve Monetary Base 4 years
Personal Savings 1.4 years
Small Business Assets 26 years
Corporate Assets 48 years
Personal savings and the Federal Reserve Monetary Base are slightly disturbing and need immediate action. Then getting small business in order. The decreasing debt is a good thing so keep that going.
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