Debt is approaching an all-time high. According to a recent report by the Federal Reserve Bank of New York and reported by the Wall Street Journal, total household debt climbed again in the last three months of 2016 and is nearing the high of $12.7 trillion. Consider this a warning to closely monitor patient financial arrangements. Also doctor’s should carefully watch their own family and business debt. The last time debt approached this level the whole banking and financial sector was adversely impacted, that was 2008.