Total Credit Market Debt Owed ByThe US (Dec 2012)

total-credit-market-debt-owed

The chart above (from the St Louis Fed) shows the exponential growth of the total credit market debt owed in the United States, i.e. what everyone owes (government, businesses and consumers). 30 years ago, total credit market debt owed was less than 5 trillion dollars.  Today, it is over 50 trillion dollars.  Total credit market debt is now at a level equivalent to about 360 percent of GDP.

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