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Household Debt in the U.S.: 2000 to 2011

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Household Debt in the U.S.: 2000 to 2011

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Household Debt in the U.S.: 2000 to 2011
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Debt is an important financial tool used by U.S. households to finance their purchases. Households often use their available credit in times of economic prosperity to finance large purchases – such as a home or a vehicle – or to pay for a household  member’s education. Additionally, they may take on debt to help them get through a period of unemployment or to help pay for medical care.

Page Last Revised - October 8, 2021
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