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On the Record

Household Leveraging and Deleveraging

In a speech before the National Economics Club, Karen Dynan analyzes the state of household leveraging and deleveraging.

She looks at what explains the pre-crisis uptrend in debt, how the deleveraging is occurring, whether it is a good or bad thing for households and the economy, and finally, how much more deleveraging we should expect in the future.

Author

Karen Dynan

Former Brookings Expert

Professor of the Practice of Economics - Harvard University

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