Greenspan: Household Debt Up But Manageable

Newman, Emily
October 2004
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p2
Trade Publication
The article focuses on the statement by Alan Greenspan, the U.S. Federal Reserve Board chairman, about household debts. According to him, although household debt levels continue to increase, that debt strain is relatively modest and is generally balanced by higher household assets. Mortgage debt would likely remain high but manageable. One might expect interest rates and debt-service ratios to move in lockstep with each other. But other influences on debt-service ratios, such as significant changes in household income, play a major role in their movements.


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