U.S. Debt Growing at Fastest Rate in 20 Years

U.S. Debt Growing at Fastest Rate in 20 Years - Fed

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008734-us-debt-growing-at-fastest-rate-in-20-yea/

The rate of growth in household debt in 2005 was the fastest in 20 years, the Federal Reserve said Thursday.

According to a story by MarketWatch, the report also stated that U.S. households saw their net worth grow to a record $52.1 trillion in 2005.

The Fed report also confimed that savings among U.S. households is historically low. In fact, net savings fell below 1% of GDP for the first time on record.

For the entire story, please visit U.S. household debt up most in 20 years.

U.S. Debt Growing at Fastest Rate in 20 Years - Fed

Unknown Author

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