Knowledge Tree
Relations (1)
cross_type 2.58 — strongly supporting 9 facts
The U.S. is the geographic context for the measurement of household debt levels, as evidenced by the total national debt figures [1] and median debt statistics [2]. Furthermore, the relationship is supported by research analyzing the socioeconomic and psychological impacts of household debt specifically within the United States [3], [4].
Facts (9)
Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org 4 facts
measurementHousehold debt in the United States rose from $8 trillion in 2004 to $15 trillion in 2021, representing an 88% increase.
measurementHousehold debt in the United States rose from $8 trillion in 2004 to $15 trillion in 2021, representing an 88% increase.
measurementThe 88% increase in U.S. household debt between 2004 and 2021 was twice the rate of inflation, which was 44% during the same period.
measurementIn 2019, 77% of U.S. households reported holding some type of debt.
Psychological and behavioral consequences of debt and its ... journal.psych.ac.cn 1 fact
claimBerger, Collins, and Cuesta (2016) found that household debt is associated with adult depressive symptoms in the United States.
How Debt Stress Affects Your Health (And How a Debt Management ... greenpath.com 1 fact
measurementThe median household debt in the United States is over $80,000.
Neural mechanisms of credit card spending | Scientific Reports nature.com 1 fact
measurementU.S. household debt has been steadily rising over the two decades preceding the publication of the study.
Firsthand Perspectives Exploring the Mental-Financial Health ... finhealthnetwork.org 1 fact
referenceThe study by Lawrence M. Berger, J. Michael Collins, & Laura Cuesta (2015) in the Journal of Family and Economic Issues analyzes the link between household debt and adult depressive symptoms in the United States.
Debt Stress: How Debt Affects Mental Health - Debt.org debt.org 1 fact
measurementTotal household debt in the United States reached $17.290 trillion in the third quarter of 2023, driven by mortgage, credit card, and student loan balances.