Household Debt in the U.S. has doubled since 2003 - we ballin, y'all...

[OfTheCross]

Chargin' it to the game



Student loan debt increased by 500%

The State of Household Debt in America
American households are becoming increasingly indebted.

In 2003, total household debt was $7.23 trillion, but that figure has recently doubled to $14.56 trillion in 2020. With just under 130 million households in the country, this equates to an average of $118,000 of debt per household.

The State of Household Debt in America

 

[phcitywarrior]

It’s all good though. Interest rates are at historic lows and won’t increase anytime soon. What’s the worst that could happen

 

[OfTheCross]

It’s all good though. Interest rates are at historic lows and won’t increase anytime soon. What’s the worst that could happen

Almost all that debt is on a Fixed Rate.

 

[DEAD7]

Forgive it all...

 

[ogc163]

We gotta grow.

 

[ahomeplateslugger]

people are buying houses at extremely high prices for the last year or two so not too surprising.

 

[Ezra]

This is what happens when fiscal policy doesnt match monetary policy.