Recent data from the Federal Reserve for the second quarter opened, that in most sectors of the American economy has been shrinking debt burden. After falling 1.7% in 2009, household debt has decreased by 2.3% yoy in the second quarter, debt of state and local governments fell by 1,3%, the debt load of business in general has not changed. The exception was the federal debt, which grew a stunning annual rate of 24,4%! Local non-financial sector debt by the end of the second quarter totaled $ 35.5 trillion. From which the debts of households were $ 13.5 trillion. Debts business were $ 10.9 trillion. And government $ 11.1 trillion. Since its peak in the first quarter of 2008, household debt has decreased by 0.5 trillion., The government jumped 3.5 trillion. the same period. In the second quarter's savings rate was 10.9%! Net assets fell by almost $ 11 trillion. with a peak in 2007 at $ 64.24 trillion. to the current $ 53.5 trillion. Liabilities of households now account for 20.6% of assets, in 2007, the figure is 18,2%. Thus, despite the clear direction to reduce debt, asset prices were falling even faster for households in recent years. In addition, attracting the attention of that household sector, it owns, compared with the cost of real estate has dropped from just below 60% in 2005 to only 40.7 in the second quarter of this year.
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