How Have Households Deleveraged Since the Great Recession?
In the years leading up to the Great Recession, the levels of mortgage, credit card, auto and student loan debt rose. However, not all of these debt levels have gone in the same direction since the Great Recession. Don Schlagenhauf, chief economist at the St. Louis Fed’s Center for Household Financial Stability, discussed these experiences during the Dialogue with the Fed session, “Household Debt in America: A Look across Generations over Time.”
- Dialogue with the Fed: Household Debt in America: A Look across Generations over Time
- On the Economy: Five Simple Questions That Reveal Your Financial Health
- On the Economy: The State of Low- and Moderate-Income Communities