Headline reads Debt Burden Decreases: Low interest rates have helped Americans with their debt payments, resulting in more spending money and, in turn, a healthier U.S. economy. Image displays two people, each carrying a home and credit card representing debt payments. Mortgage and consumer debt payments are shown as a percentage of disposable income, which was 13.2% of income in December 2008 and 10% of income in December 2016. Source: Wells Fargo Investment Institute, Bloomberg, and the Federal Reserve
Read more insights on the economy in the 2017 Midyear Outlook from Wells Fargo Investment Institute.
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