Title: Making Sense of Private Debt
Course: Tennessee Economics Sample Syllabus > Section: Standard 5: 🌎National Economic Performance

Although much attention is given to the mounting public debt, private debt (the debt of households and businesses) is actually larger. Debt in the form of mortgages—and the lack of payment thereof—was a key contributor to the Great Recession. This issue of Page One Economics® evaluates trends in private debt and what they could mean for the overall health of the economy.