What Drives Household Debt?

Journal Article

Abstract: Reduced credit creation, and not increased credit destruction, has been the key driver of the recent evolution of U.S. household debt.

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File(s): File format is application/pdf https://research.stlouisfed.org/publications/economic-synopses/2015-09-08/what-drives-household-debt.pdf
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Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2015

Issue: 22

Order Number: 2