ScienceDaily: Markets and Finance News |
| Is household debt a key cause of recession? Posted: 19 May 2014 01:05 PM PDT During the Great American Recession of the 21st century, more than 8 million people lost their jobs and more than 4 million homes were lost to foreclosure. In the years immediately preceding the recession, Americans doubled their household debt to $14 trillion. According to a new book these events were directly related. |
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