America brings home the debt

As central bank policy around the world comes to a sensitive juncture, American households' high debt makes them even more susceptible.

Outside of the top 20 per cent of wealthiest households in the US, debt trumps assets.

Eventually all of this debt, largely tied up in housing, needs to go somewhere if it can’t be repaid. It is alarming to see just how indebted pockets of the US economy really are.  

Graph for America brings home the debt

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