Economy · Household and corporate balance sheets

Household Debt as a Percent of GDP

YearAverageYear close
194717.29%17.29%
194819.05%19.05%
194922.64%22.64%
195023.39%23.39%
195123.43%23.43%
195224.64%25.10%
195326.77%28.02%
195429.38%30.13%
195531.47%32.39%
195633.61%33.97%
195734.73%35.50%
195836.28%36.11%

Source: FRED CMDEBT (Households and Nonprofit Organizations; Debt Securities and Loans; Liability, Level); FRED GDP (Gross Domestic Product). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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