U.S. Personal Debt Shows Declines in Major Areas

by Arkansas Business Staff  on Monday, Feb. 25, 2013 12:00 am   1 min read

NOTE: The total level of household debt has decreased since 2008. While mortgages still represent the largest portion of household debt at $8.03 trillion, the level has been falling. Outstanding student loan balances have been growing and currently stand at $956 billion. HE, home equity.

(Federal Reserve Bank of New York Credit Panel/Equifax)

The Federal Reserve Bank of St. Louis, in its January 2013 “Page One Economics Newsletter,” addresses government debt in the context of personal and household spending.

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