DOLLARS & NONSENSE

Unemployment Declines As Jobs Surge For Debt Collectors

Puzzlingly enough, unemployment declined while consumer debt rose.

The Chairman of the Federal Reserve attributed the unexpected inversion to a surge in jobs for debt collectors.

The canny observer, seeing the price of just about everything rise to sticker-shock cataclysms from the supermarket to the gas station, asks where are the average folks getting the bucks to buy?

After all, the average annual income still hovers in the mid-double figures. And just how far can 50 grand go, especially if the family is dividing it up four ways?

So now the cause of the comeuppance becomes clear. As consumer spending grows, so goes credit card debt. And, and to collect all the bucks that are evidently overdue, the job market for collection agents has broken the bank.

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