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It's a substantial improvement, and if you graph it over time, it's heading down after decades of going up:

http://en.wikipedia.org/wiki/File:U.S._Household_Debt_Relati...

That downward trend is the opposite of appalling.



1. Could that be because disposable income is going down?

and

2. Mass paying down of debt may not be the best thing to generate demand during a demand crisis.


> "2. Mass paying down of debt may not be the best thing to generate demand during a demand crisis. "

Yeah, but is it worse than continuing to build up household debt in order to alleviate the pains of a demand crisis?


1. Could that be because disposable income is going down?

If disposable income goes down, then (all other things being equal) the ratio of household debt to disposable income would go up.


You're right. Brainfart.




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