US Household Debt has Fallen by $833 billion since 2008

Posted on January 29, 2013 by ozidar

US Household Debt has Fallen by $833 billion since 2008 according to McKinsey. The decline is largely through defaults.

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HT: Susan Lund

About ozidar

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. You can follow me on twitter @omzidar. http://faculty.chicagobooth.edu/owen.zidar/index.html
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15 Responses to US Household Debt has Fallen by $833 billion since 2008

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  14. Loans Broker says:
    June 4, 2013 at 8:37 am

    Can’t decide whether to buy a book on this myself, or just read plenty of websites. Is there that much to it?

    Reply
  15. Johnny24 says:
    July 10, 2013 at 10:33 pm

    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

    Reply

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