Friday, January 18, 2013

Consumer Debt over Time

This recession was a period of U.S. consumers paying off in debt in dramatic fashion.  The first figure is consumer debt as a fraction of GDP by type over time:  mortgage debt has declined precipitously, and the much-talked-about increase in student debt is a minuscule part of U.S. debt (click to enlarge).
Corrections also displays total consumer credit balance by delinquency status:  while we've been paying off debt, a large fraction of debt remains delinquent (click to enlarge).

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