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Stockman: Debt Is the Third Benjamin Franklin 'Certainty'

Authored by David Stockman via The Daily Reckoning, Benjamin Franklin supposedly said, “In this world nothing can be said to be certain, except death and taxes.” If old Ben were still around he would surely add “debt” to his famous saying. Indeed, a recent Experian study of its 220 million consumer files actually proves the case. It turns out that 73% of consumers who died last year had debts which averaged nearly $62,000.
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