The Growth of Consumer Credit and the Household Debt Service Burden

27 Pages Posted: 31 Jul 2000

See all articles by Dean M. Maki

Dean M. Maki

Putnam Investments - Macroeconomic Research

Date Written: February 2, 2000

Abstract

Household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented level of debt might pose a risk to the financial health of American households and ultimately lead them to curtail their spending. In this paper, I summarize some of the relevant facts concerning the growth of consumer credit and the household debt service burden, outline the results of the research that has been conducted in this area, and look at the questions that might be answered with additional research.

Suggested Citation

Maki, Dean, The Growth of Consumer Credit and the Household Debt Service Burden (February 2, 2000). Available at SSRN: https://ssrn.com/abstract=221416 or http://dx.doi.org/10.2139/ssrn.221416

Dean Maki (Contact Author)

Putnam Investments - Macroeconomic Research ( email )

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