الجمعة, 21 حزيران/يونيو 2019 10:21

US Consumer Debt is Hitting Alarming Levels

Written by
Rate this item
(1 Vote)

(New York)

For many years after the Crisis, the main theme around consumer debt was the idea that Americans were deleveraging. However, steadily, consumer debt has risen back to alarming levels. In the first quarter of this year, consumer debt hit $14 tn, surpassing the $13 tn of leverage pre-Crisis. Student debt has been a major area of credit expansion. Even when comparing debt to the population, the debt per person is a little higher than in 2008.


FINSUM: So obviously inflation needs to be accounted for here, but the picture is still worrying. It is yet another sign that we may be nearing the end of this run.

Contact Us

Newsletter

اشترك

Subscribe to our daily newsletter

Top