The rate of growth in household debt in 2005 was the fastest in 20 years, the Federal Reserve said Thursday.
According to a story by MarketWatch, the report also stated that U.S. households saw their net worth grow to a record $52.1 trillion in 2005.
The Fed report also confimed that savings among U.S. households is historically low. In fact, net savings fell below 1% of GDP for the first time on record.
For the entire story, please visit U.S. household debt up most in 20 years.