Knowledge Tree
household debt
Facts (12)
Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org Oct 25, 2021 7 facts
referenceBrewer (2020) published a study in Social Problems examining the relationship between household debt and the risk of food insecurity for children.
referenceBrewer M. (2020) found that household debt is associated with an increased risk of food insecurity for children.
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.
referenceHousehold debt is linked to an increased risk of food insecurity for children, as reported in a 2020 study by M. Brewer in Social Problems.
Juggling to stay afloat: Debt and health under financialization discovery.researcher.life Nov 15, 2024 3 facts
claimThe growth in household debt since 1990 was overwhelmingly driven by borrowing to finance 'Ponzi' speculation on asset prices.
measurementBetween 1990 and 2008, Australian business debt increased by 22 percent, while Australian household debt more than tripled.
measurementAustralian household debt increased from 30 per cent to 99 per cent of GDP, and mortgage debt increased from 20 per cent to 85 per cent of GDP, between 1990 and 2008.
The Role of Taxation in Family Inequality: Possibilities for Reform ncfr.org Dec 20, 2024 1 fact
referenceBerger and Houle (2019) studied the relationship between rising household debt and children’s socioemotional well-being trajectories, published in Demography.
Neural mechanisms of credit card spending | Scientific Reports nature.com Feb 18, 2021 1 fact
measurementU.S. household debt has been steadily rising over the two decades preceding the publication of the study.