Federal Reserve: U.S. households reducing consumer debt

September 26, 2011

The Federal Reserve reports that U.S. household debt fell from 116 percent of disposable in the first quarter of 2011 to 114.6 percent of disposable income in the second quarter. This is good news in terms of U.S. household reducing their debt, but Reuters notes that debt levels above 100 percent of disposable household income [...]

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