Keeping Track: Who's in debt in the US

Consumers carry the most IOUs

Despite the roaring US economy, American households and corporations have been borrowing at an unprecedented rate.

Over the past two years, household debt and corporate debt have both shot up almost 10 percent, according to figures issued by the Federal Reserve.

During the same period, the US government has decreased its debt by about 1 percent.

The reason for rising private-sector debt? Some analysts say that by supporting consumer spending and enabling corporate growth, borrowed money is one of the main fuels behind the economic boom.

(c) Copyright 2000. The Christian Science Publishing Society

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Keeping Track: Who's in debt in the US
Read this article in
https://www.csmonitor.com/2000/0424/p16s1.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us