National household debt metrics, 4Q2016

Better Borrowing

Total household debt increased by $226 billion in 16Q4, and is just $99 billion below the peak of $12.7 trillion set in 08Q3. However, household debt is now just 67% of GDP, down from 85% at the peak. Moreover, back in 2008 housing-secured debt accounted for 79% of household liabilities, today it’s just 71%. Lastly, in 08Q3 8.5% of household debt was delinquent, while now the rate is 4.8%.

Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
Cell: 202.306.2731


About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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