Sunday, February 22, 2015

What Makes Up Consumer Debt

The New York Federal Reserve has an interesting analysis of the size and nature of consumer household debt for about the past ten years.  It's pretty fascinating:

In the data, you can clearly see the build of the housing bubble, and its subsequent burst.  Now, compare that run to the growth in student loan debt.  The percent growth for that segment of debt for the period is remarkable, and it shows no signs of abating.

Our next bubble?  The data sure makes it look that way.  I have a feeling big education is in for a big correction...

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