What we owe, part 2

Speaking of what we owe, I found this chart, which shows our U.S. household debt.


The small text below the graph reads as follows:

Aggregate consumer debt continued to decline in the second quarter, continuing its trend of the previous six quarters. As of June 30, 2010, total consumer indebtedness was $11.7 trillion, a reduction of $812 billion (6.5%) from its peak level at the close of 2008Q3, and $178 billion (1.5%) below its March 31, 2010 level. Household mortgage indebtedness has declined 6.4%, and home equity lines of credit (HELOCs) have fallen 4.4% since their respective peaks in 2008Q3 and 2009Q1. Excluding mortgage and HELOC balances, consumer indebtedness fell 1.5% in the quarter and, after having fallen for six consecutive quarters, stands at $2.31 trillion, 8.4% below its 2008Q4 peak.

I like the Debt Clock, which pulls it all together, though there is a discrepancy between the figure above and the clock figure for total personal debt. Regardless, it does give the big picture.

http://www.usdebtclock.org/