April 29, 2010
8 years ago

Household Debt in the United States

Originally Published on: Tableau Software

The recession of 2008 and 2009 had many causes. A lax regulatory environment for complex derivatives and overly aggressive Wall Street firms played a large part. However, we cannot forget the contribution of the average American who took on more debt than they could handle. Dan Murray from InterWorks has made this visualization to tell the story of household debt (as a percentage of income) over the past thirty years.