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Household Debt to GDP Ratio = 100%

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The Household Debt to GDP Ratio is 100%. That means the average family has as much debt (mortgages, auto loans, credit card debt) as they earn in a year.
For a most of the 20th century, the Household Debt to GDP Ratio’s been under 50%. The last time it reached 100% was 1929. Note […]

Written by Mike P. Sinn on May 2, 2009 | 12 Comments

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