Broker Check

Interesting Fact (Household Debt)

September 08, 2021

Households have entered 2021 armed with boatloads of cash and the cleanest balance sheets they have had in decades. Households finished 2020 with $14.1 trillion combined in checking and savings accounts, compared with $11.4 trillion in 2019. Their debt-service burden—the percentage of after-tax income used to pay off debt—fell to its lowest level in records going back to the early 1980s.-The Wall Street Journal, March 21, 2021