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Dangerous Trends: The Growth of Debt in the U.S. Economy

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Publication Date: September 2004

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Banking and finance (Personal finance and saving)

Keywords: Comsumer debt; Disposable income; Devaluation

Type: Report

Coverage: United States

Abstract:

This paper looks at how two forms of debts that have received little attention in the media – household debt and foreign debt — will pose large burdens on the economy.