Keeping Track: Who's in debt in the US

Consumers carry the most IOUs

Despite the roaring US economy, American households and corporations have been borrowing at an unprecedented rate.

Over the past two years, household debt and corporate debt have both shot up almost 10 percent, according to figures issued by the Federal Reserve.

During the same period, the US government has decreased its debt by about 1 percent.

The reason for rising private-sector debt? Some analysts say that by supporting consumer spending and enabling corporate growth, borrowed money is one of the main fuels behind the economic boom.

(c) Copyright 2000. The Christian Science Publishing Society

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK