Household Debt Payments Reach Lowest Mark In 30 Years

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.

Read the full story here.

Click to comment


To Top