American Households Continue to Deleverage But That Only Tells Part of the Story
Americans Continue to Deleverage as Measured by Average Household Debt as a Percentage of After-Tax Income Paul Wiseman wrote in a recent Associated Press article: “Soaring housing prices in the mid-2000s made millions of Americans feel wealthier than they were. They borrowed against the inflated equity in their homes or traded up to bigger, more…
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