ChartingTheEconomy.Com

June 23, 2009

Finanical Sector Debt is Now Over a Third of Total Debt in the U.S.

Filed under: Debt — admin @ 12:02 am

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The above chart shows the increase in outstanding domestic debt in the U.S. for both the nonfinanical sector and financial sector since 1980.  Outstanding debt from the finanical sector accounted for about 1/8 of total outstanding domestic debt in the U.S. in 1980.  In the first quarter of 2009 this figure had increased to about 1/3 of total outstanding domestic debt in the U.S.

Data source:

U.S. Federal Reserve - Flow of Funds report.  The above chart does not include the portion of the federal government’s debt for intergovernmental holdings.  The Fed’s Flow of Funds report does not include this in their outstanding debt totals.  Domestic nonfinancial debt includes:  Household debt, business debt, state & local government debt, and the portion of the federal government’s debt hold by the public.

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