Reasearch the following items and include in the paper: the average US consumer debt by category (housing debt, credit card etc) and how this had changed in recent years.

Define the various types of consumer debits and some of the advantages and disadvantages of each.

Reasearch the following items and include in the paper: the average US consumer debt by category (housing debt, credit card etc) and how this had changed in recent years. Also, research and include the impact that high debt has on households.

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