Deleveraging Persists as Young Adults Bear the Brunt of Jobs, Housing and Student Loan Crises
Nearly four years after a borrowing binge gave way to financial crisis, have households slashed enough debt to take on new credit and start spending again?
Yes, says a growing chorus of economists, with some evidence to back them up. The Federal Reserve's ratio of debt service payments to disposable income is at its lowest level since 1994.
But that traditional measure is a poor guide today, as credit-hungry adults under 45 bear the brunt of the jobs, housing and student loan crises.
Read it all.
Filed under: * Culture-Watch • Young Adults • * Economics, Politics • Economy • Labor/Labor Unions/Labor Market • Personal Finance • The Credit Freeze Crisis of Fall 2008/The Recession of 2007--
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Posted June 25, 2012 at 10:00 am
Posted June 25, 2012 at 10:00 am
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