America’s Debt: Get the Facts

The United States has a massive debt problem. Many politicians talk about why we're in this position and what we need to do about it, but Tyler Chessman decided to take a look for himself. As a data scientist, not an economist, Tyler analyzed data from several government sources to determine where the problems lie. His new book, Understanding the US Debt, not only highlights the problem areas but also suggest 7 steps for becoming debt free. Could one of the world's superpowers' problems be solved using free data, Excel and PowerPivot? You be the judge


Could one of the world's superpowers' problems be solved using free data, Excel 2010, and PowerPivot?

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Comments (1)
  1. Maxim says:

    Did you know that total Consumer Debt in United States reached $2.43 trillion, as of March 2011 with average households carrying $14,743 in credit card debt, excluding mortgages. Also average APR on these credit cards peaked at 13.44% Source: With the recent news from Federal Reserve that US national debt peaked at $14.3 trillion, does it include this household consumer debt or extra? Also the source says Americans held over 605 million credit cards in total, equaling 2 credit cards for each American citizen. Does this include Student loans? It's surprising to see Half of college undergraduates had four or more credit cards in 2008. That's up from 43 percent in 2004 and just 32 percent in 2000. 76 percent of undergraduates have credit cards, and the average undergrad has $2,200 in credit card. Additionally, they will amass almost $20,000 in student debt.

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