US Household Debt has Fallen by $833 billion since 2008 according to McKinsey. The decline is largely through defaults.
HT: Susan Lund
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I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research (NBER) in the Public economics group. You can follow me on twitter @omzidar.
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Can’t decide whether to buy a book on this myself, or just read plenty of websites. Is there that much to it?
The stock market crash of 2008 and ensuing financial crisis brought many Americans into the harsh reality of living in debt. Here is a collection of resources that may help you gain a fresh perspective on beating it.personal debt