Personal debt is a dangerous product. We're made to think of our excessive consumerism as patriotic. However, in reality, it's anything but. Americans owe $11.74 trillion: $882.6 billion of that is credit card debt, $1.13 trillion is student loans, and another $8.14 trillion go to mortgages. The post The Only Time I'll Tell You Personal Debt Is Profitable appeared first on Money Morning - We Make Investing Profitable .