Debt in America
Debt in America by Caroline Ratcliffe, Signe-Mary McKernan, Brett Theodos, Emma Kalish, Additional Authors. July 2014. “Debt can be constructive, allowing people to build equity in homes or finance education, but it can also burden families into the future. Total debt is driven by mortgage debt; both are highly concentrated in high-cost housing markets, mostly along the coasts. Among Americans …