United States Household Debt Statistics
U.S. household (HH) debt (measured by the FRED variable "CMDEBT") rose relative to both GDP and disposable income over the 1980 to 2011 period.
- Household debt as a % disposable income rose from 68% in 1980 to a peak of 128% in 2007, prior to dropping to 112% by 2011.
- Household debt as a % GDP rose from 49% in 1980 to a peak of 97% in 2009, prior to dropping to 86% in 2011.
- U.S. household debt rose from nearly zero in the 1950s to $13.8 trillion in 2008, before declining to $12.9 trillion by Q2 2012.
Read more about this topic: Household Debt
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