I like this chart of U.S. Household Debt — we now owe a bit less than at the peak of the bubble: $11.4 trillion, with Mortgage/home-equity debt still the biggest amount of that debt (by far).

 

 

 

Source:
Household Debt In America, In 3 Graphs
Lam Thuy Vo and Jacob Goldstein
NPR, November 26, 2012

http://www.npr.org/blogs/money/2012/11/21/165657931/household-debt-in-america-in-3-graphs

Category: Credit, Digital Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “Household Debt In America”

  1. wcvarones says:

    It would be nice to see a time series.

    Students are the main victims of the recent rebound in credit expansion.

  2. Paradox4 says:

    RE: Student Debt. Yes, level and rate of increase both shocking, but please draw the distinction between for-profit and traditional 4-year private and public institutions. Tuition and fees at the traditionals are up a lot over the past decade, but let’s be clear that its Apollo and their ilk who have cheated both students and US taxpayer big time. Are data and charts to show for-profit sourced student debt share and delta in that as % of total available?

  3. HowardA says:

    Was wondering how much debt per household. Turns out it’s a simple calculation. Debt is $11.4 trillion and there ar 114 million households. Therefore, on average there is $100,000 debt per household. Average household income is $71,000, so average debt is 1.4x average income. Where do you stand???

  4. nside says:

    #DIV/0!

  5. warren.buffett says:

    @HowardA,
    You should also calculate assets of a household and probably net debt

  6. wheresdavid says:

    Shouldn’t $6,000,000,000,000 in new federal debt since the peak of the bubble be added in since it’s really the debt of the “households?”

    ~~~

    BR: No, its not.

    You do understand why we categorize debt as Household or government?

  7. HowardA says:

    @warren.buffet,
    Your assets would skew that calculation!

  8. jb.mcmunn says:

    But isn’t most of the reduction due to mortgage debt reduction? And how did we achieve that? Default, restructuring, HAMP, etc.

  9. gordo365 says:

    Are visually barren, completely flat graphics the new norm. Thank you Windows 8.

    Edward Tufte fans should revolt. As a fan of info dense graphical interface, I am. I just bought my 1st Apple computer last week.

    Note – I’m running Windows 7 on it so I don’t have to learn a new OS.