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Tag Archives: household income

Today’s Household Debt

Household Debt Composition Today Looks A Lot Different Than The Past Household debt has reached higher levels than before the Great Recession, but today’s debt has new characteristics that make it much more different than pre-recession times.  Home mortgages were a major factor in the debt crisis of 2007-2008.  Mortgage default in the following years Continue Reading

Median Household Income Has Fallen Behind Cost of Living Since 2003

Are You Wasting Too Much of Your Income? Household income on average is currently lower than the cost of living as the graphic shows below. Living in a pattern where spending is more than income can only lead to one thing: DEBT. This statistical data shows average levels of income and average levels of costs Continue Reading