Warning: fsockopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/irreia/public_html/wp-content/plugins/topsy/topsy.php on line 337

Warning: fsockopen(): unable to connect to otter.topsy.com:80 (php_network_getaddresses: getaddrinfo failed: Name or service not known) in /home/irreia/public_html/wp-content/plugins/topsy/topsy.php on line 337
Chart of Consumer Debt Trends is Telling – Down $800 billion since 2008 | International Residential Real Estate Investors Association
Monday November 20th 2017

Join Us On

join the IRREIA linked in group

Chart of Consumer Debt Trends is Telling – Down $800 billion since 2008

Consumer debt is headed the right  direction.  The total consumer debt is down $800 billion since its peak.  Nevertheless, debt is still more than double the 1999 total.

Population is up 10 million or about 3% in the same period.  Economic growth added about 8% in the same period.  Netted out, the U.S. consumer has to shave $4 trillion in debt to reach parity with 1999.  Achieving this will likely require another  decade based on current trends.

“The IRREIA - Making residential real estate investing more fun and rewarding
through better education, tools, information, and networking!”

sign_up_button.jpg

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Leave a Reply


Warning: Illegal string offset 'solo_subscribe' in /home/irreia/public_html/wp-content/plugins/subscribe-to-comments/subscribe-to-comments.php on line 304

Subscribe without commenting