This Chart Says It All – US Household Continues Deleveraging at Record Pace

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US households continue to shed debt at a record pace – this graph says it all… US households are finally “just saying no” to debt. To put this breakdown in perspective – the Fed’s data on this goes back to 1976, and household debt grew every single year until 2009. In fact, we’re looking at […]

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US households are paying back their debts at a glacial pace reports the Federal Reserve. Household debt peaked at $13.9 trillion in 2008 (with a “T”). Amidst all the deleveraging and pain of the last 18 months, total debt has inched down just a hair, to $13.8 trillion. At this rate, the US consumer will […]

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