Jan 29, 2019

Chart of The Week: Consumer Debt

Questions: 

  • What's the overall trend with consumer debt since 2003? 
  • Which loan type has grown the fastest since 2003? 
  • Estimate percentages for each of the three loan types. In other words, what percentage of overall consumer debt is auto loans, student loans and credit card debt
  • What additional data points would you need to know in order to assess how stressed consumers are with debt payments? 

 

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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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