Household Debt Returns to Prerecession Levels! … So What?

The New York Times Dealbook blog reported that household debt has reached what appears to be an ominous milestone: As of the first quarter of 2017, American households now owe about $12.7 trillion, equal to what they owed in the third quarter of 2008—the previous peak before panic gripped the financial sector. So should New …

Household Debt Returns to Prerecession Levels! … So What? Read More »