U.S. households owe a bit less than they did at the peak of the bubble. But they still owe a lot: $11.4 trillion, give or take a few billion. Mortgage and home-equity debt is still by far the biggest chunk of that debt.
Read it all and carefully look over the graphs.
Filed under: * Culture-Watch Children Marriage & Family Psychology * Economics, Politics Economy Consumer/consumer spending Personal Finance The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- * International News & Commentary America/U.S.A.
Posted November 26, 2012 at 3:05 pm
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