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Viz of the day

Household Debt in the US The household debt balance in the United States reached a new all-time high of $13.2 trillion in the fourth quarter of 2017, according to the latest report from the Center for Microeconomic Data of the Federal Reserve Bank of New York. US household debt has risen continuously since 2013, now constituting 67 percent of US GDP and exceeding the 2008 pre-crisis level by nearly $475 billion. US household debt is indisputably large in absolute terms, now exceeding the GDP China, the world's second-largest economy. Yet, relative to the size of the US economy, household debt is less remarkable than it is for other economies. Australia, Canada, Denmark, Norway, Portugal, Sweden, and the United Kingdom all have higher levels of household debt as a...
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