By this time
aggregate debt levels had risen dramatically since 1984.
Don't be surprised if
aggregate debt levels continue rising.
Not exact matches
At that time, the main data sources on consumer
debt consisted of loan -
level data sets on specific categories of loans, such as mortgages, as well as
aggregated data on household sector
debt from the Board of Governors» Flow of Funds statistical release.
The
aggregate debt - to - income ratio has trended higher, but the ratio of interest payments to income is not particularly high, given the low
level of interest rates (Graph 8).
Aggregate household
debt outstanding totaled $ 12.116 trillion in the fourth quarter of 2015, 2.4 %, $ 289 billion, greater than its
level of one year ago.
But as many observers have noted, these
aggregate statistics tell us little about the student -
level experience with college
debt.
The boom in for - profit college enrollment during the Great Recession has also served to boost
aggregate levels of student
debt and student loan defaults.
Better it would be if the Fed, which is the main blower of bubbles through easy monetary policy, would pull back on policy when
aggregate levels of
debt in the economy get above 200 % of GDP, or, would allow us to go through recessions where there is significant pain, and liquidation of bad investments.