The Atlantic: Household Debt Shrunk at Fastest Rate on Record in 2009.
“Household debt shrunk by 1.7% in 2009. That might not sound like much, but it’s the largest decline since the Federal Reserve began keeping track in 1946. In fact, it’s the only annual decline in household debt over that period—even in 2008 household debt increased slightly by 0.1%.” That is indeed incredible.
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