Household Debt Payments Reach Lowest Mark In 30 Years
26 December 2012
U.S. households spent just 10.6 percent of their after-tax income on debt payments in Q3 2012, marking the lowest percentage since 1983.
With the addition of other non-debt payments, such as rent and car leases, and the percentage rises to 15.7. According to Money News, this also nears a 30-year low.
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