U.S. Household Debt and Credit

U.S. Household Debt and Credit Aggregate household debt balances declined by $34bn and stand at $14.27tn. This is the first decline since 2014. Image: Federal Reserve Bank of New York

U.S. Household Debt

U.S. Household Debt American debt hits a record high of $13.95 trillion and represents about 73% of GDP vs. about 83% a decade ago. Image: Reuters

Consumption Growth and Household Debt

Consumption Growth and Household Debt This chart shows the effects of household debt and suggests that high household debt limits consumer spending. Image: Oxford Economics

Household Debt to GDP by Country

Household Debt to GDP by Country This chart shows a global view of household debt as a percent of GDP. Households of Australia, Netherlands and Canada are the most indebted in the world. Image: Oxford Economics

Household Debt as a Proportion of GDP

Household Debt as a Proportion of GDP Household debt levels in China are equivalent to those in advanced economies. Image: The Wall Street Journal

U.S. Household Debt and World Trade

U.S. Household Debt and World Trade This chart shows the pretty good correlation between U.S. household debt and world trade. Image: Oxford Economics, Macrobond

Is U.S. Household Debt a Problem?

Is U.S. Household Debt a Problem? Not really, right now. Actually, the level of household debt alone does not tell an accurate picture of the current situation. However, U.S. household debt to GDP is much lower, U.S. household debt service payments as a percent of disposable personal income  and U.S. household financial obligations as a percent…