Yellen said secret: the United States level of household debt almost before 2008

United States Federal Reserve (Fed) Chairman Janet Yellen to attend graduation ceremonies at the University of Baltimore talks said United States economy after several years of strong recovery, current United States unemployment rate has dropped to 4.6%, a record low since the 2008 financial crisis, United States labor market is at the strongest level in 10 years.

But Yellen did not say President is: United States citizens the current sheet, is also approaching 2008 debt levels before the outbreak of the financial tsunami.

The MarketWatch reported, according to United States credit companies NerdWallet statistics Federal Reserve (Fed) New York data show that in the current United States under household debt rising trend remains unchanged, NerdWallet analyst forecasts, United States average household credit card debt at the end of 2019, breaking the debt level before the financial tsunami.

United States average household credit card debt is now quickly soared to $16061, and after 2008 when the financial crisis broke out, United States compared to the average household credit card debt of $16912, gap is only a whisker.

NerdWallet further noted that United States citizens ' overall debt, including mortgages, student loans, auto loans and other three major liabilities, it is estimated that until the end of 2016, will return to 2008 levels before the financial tsunami, and detailed, current United States proportion of household debt, and mortgage and loan, most United States citizens feeling stressed.

NerdWallet personal financial consultant Sean McQuay pointed out that, in the aftermath of the 2008 financial crisis after a shock education, in fact, most of the United States population, dare not let consumer spending higher than the General needs, means that the excess consumption of Americans, has been substantially reduced.

And if the United States has worked to maintain an appropriate level of public consumption expenditure, then the United States public debt, why was ready to once again return to the pre-2008 sheets?

Sean McQuay is explained, because without him, because United States citizens "wage growth is" too slow will cause United States public debt-servicing capacity reduction.

Sean McQuay pointed out that statistics over the past 13 years since the United States median family income increased by 28%, but over the United States surge in public medical expenditure substantially 57%, food prices rose 36%, apparently occurred "make ends meet" departments.

And as in recent years United States housing market upswing, statistics last year in 2015, the United States rent rent also rose 3.9%,Sean McQuay further stated that the current United States economy continued to recover, but the effect of economic recovery, but no penetration to the average family, the rising cost of living means that United States citizens need more attention to control spending. Sean McQuay said: "I think we should prefer to control budget, because it implies that you have to tighten. 」