Comment on U.S. families' debt loads decline to pre-recession levels

U.S. families' debt loads decline to pre-recession levels

Consumer Debt

The amount of home mortgages, credit card debt and most other consumer liabilities now stands on par with 2006 or earlier, according to Moody's Analytics data.WASHINGTON — After a long period of consumer retrenchment, U.S. families have cut their once-out-of-control debt loads down to pre-recession levels, largely removing one major obstacle to a faster economic recovery.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News