As we reported recently a new McKinsey Global Institute report says the U.S. economy is further along the deleveraging curve than a lot of other big, rich economies
One of the biggest questions hanging over the U.S. economy now is how much more deleveraging — a big word for paying off (or walking away) from debts — Americans will do before they begin borrowing and spending again. No one really knows. But one straightforward chart in the McKinsey report caught our attention: It measures debt of the four big sectors of the economy — households, finance, nonfinancial corporations and government — as a percentage of the U.S. gross domestic product. The McKinsey report was finished before the Federal Reserve released third-quarter data so we asked the number crunchers at the consulting firm to update it for us.
This is what it looks like with each sector broken out into its own line.
http://blogs.wsj.com/economics/2012/01/23/whats-going-on-with-debt-in-u-s/
One of the biggest questions hanging over the U.S. economy now is how much more deleveraging — a big word for paying off (or walking away) from debts — Americans will do before they begin borrowing and spending again. No one really knows. But one straightforward chart in the McKinsey report caught our attention: It measures debt of the four big sectors of the economy — households, finance, nonfinancial corporations and government — as a percentage of the U.S. gross domestic product. The McKinsey report was finished before the Federal Reserve released third-quarter data so we asked the number crunchers at the consulting firm to update it for us.
This is what it looks like with each sector broken out into its own line.
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