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2018-02-06

Household leverage ratios exploded


Whereas wage and salary incomes rose by $4.2 trillion or 2.9X, 

household liabilities soared by nearly $12 trillion or 5.2X.

Over the two decades, therefore, household leverage ratios (liabilities to earned income) nearly doubled from 124% to 224%.

David Stockman 5 February 2018


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