A house of cards: current levels of household debt are unsustainable

As the Federal Reserve continues its "measured" interest rate increase, borrowers nationwide are bracing for the impact. Families are more burdened by debt than ever before, owing nearly $9 trillion in mortgages, car loans, credit card balances, home equity lines of credit, and other loans...

Full description

Saved in:
Bibliographic Details
Published inDollars & Sense no. 257; p. 9
Main Authors Draut, Tamara, Scharf, Adria
Format Newsletter Magazine Article
LanguageEnglish
Published Somerville Economic Affairs Bureau 01.01.2005
Subjects
Company financing
Credit and debit card industry
Credit card industry
Credit cards
Economic policy
Federal Reserve banks
Finance
Home equity loans
Online AccessGet full text

Cover

Abstract As the Federal Reserve continues its "measured" interest rate increase, borrowers nationwide are bracing for the impact. Families are more burdened by debt than ever before, owing nearly $9 trillion in mortgages, car loans, credit card balances, home equity lines of credit, and other loans-- more than $30,000 per person.
AbstractList As the Federal Reserve continues its "measured" interest rate increase, borrowers nationwide are bracing for the impact. Families are more burdened by debt than ever before, owing nearly $9 trillion in mortgages, car loans, credit card balances, home equity lines of credit, and other loans-- more than $30,000 per person.
Audience General
Author Draut, Tamara
Scharf, Adria
Author_xml – sequence: 1
  fullname: Draut, Tamara
– sequence: 2
  fullname: Scharf, Adria
BookMark eNqN0L1OwzAQAGAPRaItvIPFBENQ_BcnbFWBUqmiAzBHjn1Jg1ynjRPE49dQhlbKgG6w7u7z2boJGrnGwQiN45jQSFAuLtHE-8845FnKxuhxhjdN7wE3JdaqNf4B675twXXYwhdY_9P4FZvGGmyg6LBqAffO975TtVOFhSt0USrr4frvnKKP56f3-Uu0Wi-W89kqqihnLDJMGpOZUhAQQjLJeJFoWSbGUE5YTLXWSlDI0oKZLCkSFusk46YoCNclTzmbotvj3F3b7HvwXb6tvQZrlYPwxZzITJKUxDELNDrSSlnIa1c2Xat0BQ5aZcNKyjqUZ-FVSaSgMvibAa939T4_RfcDKISBba0Hp96dXQimg--uUr33-fLt9d82XazObTRkdWMtVJCHpc_Xp_4AqZed1w
ClassificationCodes 6141
3078961
6011
6011000
521110
9108000
ContentType Newsletter
Magazine Article
Copyright COPYRIGHT 2005 Economic Affairs Bureau
COPYRIGHT 2005 Economic Affairs Bureau
Economic Affairs Bureau
Copyright_xml – notice: COPYRIGHT 2005 Economic Affairs Bureau
– notice: COPYRIGHT 2005 Economic Affairs Bureau
– notice: Economic Affairs Bureau
DBID 8GL
ISN
7QS
ELDFC
HYQOX
K30
PAAUG
PAWHS
PAWZZ
PAXOH
PBHAV
PBQSW
PBYQZ
PCIWU
PCMID
PCZJX
PDGRG
PDWWI
PETMR
PFVGT
PGXDX
PIHIL
PISVA
PJCTQ
PJTMS
PLCHJ
PMHAD
PNQDJ
POUND
PPLAD
PQAPC
PQCAN
PQCMW
PQEME
PQHKH
PQMID
PQNCT
PQNET
PQSCT
PQSET
PSVJG
PVMQY
PZGFC
DatabaseName Gale In Context: High School
Gale In Context: Canada
Periodicals Index Online Segment 51
Periodicals Index Online Segment 00
ProQuest Historical Periodicals
Periodicals Index Online
Primary Sources Access—Foundation Edition (Plan E) - West
Primary Sources Access (Plan D) - International
Primary Sources Access & Build (Plan A) - MEA
Primary Sources Access—Foundation Edition (Plan E) - Midwest
Primary Sources Access—Foundation Edition (Plan E) - Northeast
Primary Sources Access (Plan D) - Southeast
Primary Sources Access (Plan D) - North Central
Primary Sources Access—Foundation Edition (Plan E) - Southeast
Primary Sources Access (Plan D) - South Central
Primary Sources Access & Build (Plan A) - UK / I
Primary Sources Access (Plan D) - Canada
Primary Sources Access (Plan D) - EMEALA
Primary Sources Access—Foundation Edition (Plan E) - North Central
Primary Sources Access—Foundation Edition (Plan E) - South Central
Primary Sources Access & Build (Plan A) - International
Primary Sources Access—Foundation Edition (Plan E) - International
Primary Sources Access (Plan D) - West
Periodicals Index Online Segments 1-50
Primary Sources Access (Plan D) - APAC
Primary Sources Access (Plan D) - Midwest
Primary Sources Access (Plan D) - MEA
Primary Sources Access—Foundation Edition (Plan E) - Canada
Primary Sources Access—Foundation Edition (Plan E) - UK / I
Primary Sources Access—Foundation Edition (Plan E) - EMEALA
Primary Sources Access & Build (Plan A) - APAC
Primary Sources Access & Build (Plan A) - Canada
Primary Sources Access & Build (Plan A) - West
Primary Sources Access & Build (Plan A) - EMEALA
Primary Sources Access (Plan D) - Northeast
Primary Sources Access & Build (Plan A) - Midwest
Primary Sources Access & Build (Plan A) - North Central
Primary Sources Access & Build (Plan A) - Northeast
Primary Sources Access & Build (Plan A) - South Central
Primary Sources Access & Build (Plan A) - Southeast
Primary Sources Access (Plan D) - UK / I
Primary Sources Access—Foundation Edition (Plan E) - APAC
Primary Sources Access—Foundation Edition (Plan E) - MEA
DatabaseTitle Periodicals Index Online Segment 51
Periodicals Index Online Segments 1-50
Periodicals Index Online Segment 00
Periodicals Index Online
ProQuest Historical Periodicals
DatabaseTitleList Periodicals Index Online Segment 51
DeliveryMethod fulltext_linktorsrc
Discipline Economics
Women's Studies
ExternalDocumentID A130717527
GroupedDBID 123
29G
3V.
6LS
7WY
8AO
8FI
8FJ
8FL
8G5
8GL
8R4
8R5
8VB
96U
ABQIJ
ABUWG
ACIHN
ADBBV
AEAQA
AEMOZ
AFAZI
AFFNX
AFKRA
AKVCP
ALIPV
ALMA_UNASSIGNED_HOLDINGS
AQUVI
AZQEC
BAAKF
BCR
BCU
BDKGC
BEC
BENPR
BEZIV
BKOMP
BLC
BPHCQ
BVXVI
CCPQU
DO4
DWQXO
EABDJ
EBE
EBO
EBR
EBU
ECC
ECR
EHE
ELX
EMH
EMK
EPL
ESO
FAC
FAS
FJW
FRNLG
FYUFA
GICCO
GNUQQ
GROUPED_ABI_INFORM_COMPLETE
GUQSH
HYQOX
IAO
ICQ
IEA
IGG
IOF
IPO
ISE
ISN
ITC
K1G
K60
K6~
M0C
M0T
M2O
MVM
N95
PEA
PKX
PNQDT
PQBIZ
PQBZA
PQQKQ
PRG
PROAC
Q2X
QWB
RWL
S0X
SJFOW
TAE
TH9
UKHRP
ULY
UPT
UQL
VQA
WH7
XI7
XPG
ZCA
ZL0
~8M
ADMHG
7QS
ELDFC
K30
PAAUG
PAWHS
PAWZZ
PAXOH
PBHAV
PBQSW
PBYQZ
PCIWU
PCMID
PCZJX
PDGRG
PDWWI
PETMR
PFVGT
PGXDX
PIHIL
PISVA
PJCTQ
PJTMS
PLCHJ
PMHAD
PNQDJ
POUND
PPLAD
PQAPC
PQCAN
PQCMW
PQEME
PQHKH
PQMID
PQNCT
PQNET
PQSCT
PQSET
PSVJG
PVMQY
PZGFC
ID FETCH-LOGICAL-g2433-d37dd9df51e5573734b6c7f6dd241302ccca52e98b3d96b630c694dbb14cf4843
IEDL.DBID BENPR
ISSN 0012-5245
IngestDate Thu Dec 05 19:11:19 EST 2024
Thu Nov 14 22:12:55 EST 2024
Wed Nov 13 13:59:08 EST 2024
Wed Nov 13 00:20:33 EST 2024
Thu Aug 01 20:19:23 EDT 2024
Thu Aug 01 19:11:47 EDT 2024
Thu Aug 22 20:53:53 EDT 2024
IsPeerReviewed false
IsScholarly false
Issue 257
Language English
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-g2433-d37dd9df51e5573734b6c7f6dd241302ccca52e98b3d96b630c694dbb14cf4843
Notes ObjectType-Article-1
ObjectType-Feature-2
content type line 24
SourceType-Magazines-1
PQID 1797181003
PQPubID 2041721
PageCount 1
ParticipantIDs proquest_miscellaneous_1797181003
gale_infotracgeneralonefile_A130717527
gale_infotraccpiq_130717527
gale_infotracacademiconefile_A130717527
gale_incontextgauss_ISN_A130717527
gale_incontextgauss_8GL_A130717527
gale_incontextcollege_GICCO_A130717527
PublicationCentury 2000
PublicationDate 20050101
PublicationDateYYYYMMDD 2005-01-01
PublicationDate_xml – month: 01
  year: 2005
  text: 20050101
  day: 01
PublicationDecade 2000
PublicationPlace Somerville
PublicationPlace_xml – name: Somerville
PublicationTitle Dollars & Sense
PublicationTitleAlternate Dollars & Sense
PublicationYear 2005
Publisher Economic Affairs Bureau
Publisher_xml – sequence: 0
  name: Economic Affairs Bureau
– name: Economic Affairs Bureau
SSID ssj0001983
Score 1.3072199
Snippet As the Federal Reserve continues its "measured" interest rate increase, borrowers nationwide are bracing for the impact. Families are more burdened by debt...
SourceID proquest
gale
SourceType Aggregation Database
StartPage 9
SubjectTerms Company financing
Credit and debit card industry
Credit card industry
Credit cards
Economic policy
Federal Reserve banks
Finance
Home equity loans
Title A house of cards: current levels of household debt are unsustainable
URI https://www.proquest.com/docview/1797181003
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
link http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV3NT8IwFG8UDnoRRY2ImmkMnBahH-t2MkhANIpGJeG2rF_EywYM_n_brVOXkOhtSX_Zur231_Z9_B4A1x5ThobOd_0o4C5mjOkrqdyAU9McSQiese0_j73RBD9OydQ63FKbVlnYxMxQi4QbH_mNVhxtRrtaCW_nC9d0jTLRVdtCYxtUM-qwCqjeDcavb9-2WB-p8xizYfyHpmZps-HNVpPhPqgVtM5OLxfcAdiScR3sFGXCaR3sZb0l26ljM_0OQa3njPQ5XTqJcvqmVuoITIaDj_7ItQ0N3BnECLkCUSECoUhXEkIRRZh5nCpPiCy6Bbn-nATKwGdIBB7zUId7ARaMdTFX2MfoGFTiJJYnwJEUSSgg9UVHYQI7TCG9lBMZUYT0HslrgJZ50dBQPMQmh4TnfohQz6f_Evb04_RBjkDaAFdl4Cxap2no3z_9DXp4H5dAbQtSyWoZ8cgm-OsJG46pErJZQvL55yL8Ndoqjc5y_u1Nt7kspBjqn8JEOqJYakGEP8py-g9ME-xmhKyZY-UMVFbLtTzXW40Vu7D69AWFQ9Eg
link.rule.ids 780,784,21428,33745,43805
linkProvider ProQuest
linkToHtml http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV1LT8JAEJ4oHPAiihoRH9UYODVCd7fbngwSERTQKCTcmu6LeCmPwv93txS1CYnemuyXdtuZzu7O4xuAW5cpQ0Pn2V7ocxszxvSVVLbPqWmOJARP2Pb7A7czws9jMk4dbnGaVrmxiYmhFlNufOR3WnG0GW1oJbyfzW3TNcpEV9MWGruQN8zpJAf5h8fB2_u3LdZH6nWM2TD-O6ZmabvhTVaT9gEUN7TOVnMtuEPYkVEJCpsy4bgE-0lvyVpspZl-R1BsWh19TpfWVFktUyt1DKP247DVsdOGBvbEwQjZAlEhfKFIQxJCEUWYuZwqV4gkuuVw_TmJI32PIeG7zEV17vpYMNbAXGEPoxPIRdNInoIlKZKOcKgn6goTp84U0ks5kSFFSO-R3DJUzYsGhuIhMjkkfO2HCPR8Wq9BUz9OH-SIQ8twkwVOwlUcB95T729Q92OQAdVSkJouFyEP0wR_PWHDMZVBVjJIPvucB79Gq5nRyZp_e9ttrjdSDPRPYSIdYSS1IIIfZTn7B-YKCp1hvxf0uoOXCuwl5KyJk-UccsvFSl7obceSXaa69QV6OtQN
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=A+house+of+cards%3A+current+levels+of+household+debt+are+unsustainable&rft.jtitle=Dollars+%26+Sense&rft.au=Draut%2C+Tamara&rft.au=Scharf%2C+Adria&rft.date=2005-01-01&rft.pub=Economic+Affairs+Bureau&rft.issn=0012-5245&rft.issue=257&rft.spage=9&rft.externalDocID=A130717527
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0012-5245&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0012-5245&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0012-5245&client=summon