Journal Article
Gauging Debt Levels in the U.S. and Eighth District
Abstract: In this article, we look more closely at the recent developments in household debt accumulation nationally and in the Eighth District. One of the key findings is that household debt is increasing, but it has not yet reached the level observed in 2008 if adjustments are made for inflation. Also, the cause of the debt run-up in 2008 was mortgage debt. By contrast, consumer credit card debt and auto debt are the key drivers in the more recent increase.
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https://www.stlouisfed.org/publications/regional-economist/second-quarter-2018/gauging-debt-levels
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2018
Volume: 26
Issue: 2
Order Number: 7