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How will the tax cuts have any impact [for better/worse] on personal debt levels whatsoever? Golfwaymore

Tax cuts will help in two ways. First it will directly free some money directly for consumers to continue better servicing their debts. But more importantly, it will be the fuel for the economic engine. As the economy grows, jobs become more plentiful and more secure. And income (jobs) is what services debt.

(Let the record show that I hate consumer debt and rarely use it myself. But I was just answering the question and acknowledging the undeniable...that many/most Americans are debtaholics and our system is fueled by consumer borrowing).

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