Relevant:
- You Are Probably Worse Off Than You Were Four Years Ago
- A Foreclosure Solution so Simple it Would Work
- The land of the permanent renter:Â More single family homes are now rentals with households moving less
- Taxes and recession slash income of Greek households Anew
- The Creeping Cost Of Consumer Inflation; The Uncertain Emplyment Market Of Low Wage Work
2012-07-03 — mybudget360.com
The great deleveraging for US households continues. Household debt obligations to disposable income is now back to levels seen in the mid-1980s. This might appear good on the surface but is actually occurring because of the millions losing homes via foreclosure and taking off their balance sheet the largest debt commitment. In a way, the trillions of dollars lost in household wealth have buffered any massive inflation occurring from the trillions of dollars injected into the banking system (very little has reached US households)
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