Sentences with phrase «source of household debt»

Student loan debt is the second - largest source of household debt.

At nearly $ 1.4 trillion in loans outstanding, student debt is now the second - largest source of household debt (after housing) and is the only form of consumer debt that continued to grow in the wake of the Great Recession.

Updated as of January 2018, the most recent U.S. Student Loan debt statistics are outlined showing 44 million Americans now hold over $ 1.48 Trillion in Student Debt, the second largest source of household debt.

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 only certain and politically feasible source of debt - free demand is domestic household consumption, but Chinese households suffer from the same problem Marriner Eccles identified in the US in the 1930s: those who want to spend do not have the resources, and those who have the resources do not want to spend — or in this case are not able to spend productively.

Considering that the most recent U.S. Bureau of Labor Statistics figures show that housing costs are the biggest component of household spending, it's not surprising that loans taken out to buy homes are the biggest source of debt for those surveyed by GOBankingRates.

According to some sources, household debt averaged a record 133.7 % of disposable income in the fourth quarter of 2007 - that means that people spent 33.7 % more than they made.

Information about your first mortgage, such as your monthly mortgage statement Information about any second mortgage or home equity line of credit on the house Account balances and minimum monthly payments due on all of your credit cards Account balances and monthly payments on all your other debts such as student loans and car loans Your most recent income tax return Information about your savings and other assets Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources

In your Affidavit of Financial Support, you'll want to cover information like: the name of the affiant (that is, the person making the affidavit); the name of the affiant's employer, if he or she is employed, what efforts the affiant has made to find employment; a list of all sources of income; the monthly deductions from the affiant's salary (for example: MediCare payments, income taxes, child support, health insurance and retirement contributions); the average monthly household expenses; any debts owed by the affiant; and a list of assets that the affiant owns or has some interest in.