In the 2001 U.S. Survey of Consumer Finances (SCF), 27% of households report simultaneously revolving significant … credit card debt and holding sizeable amounts of liquid assets. These consumers report paying, on average, a 14% interest … rate on their debt, while earning only 1 or 2% on their liquid deposit accounts. This phenomenon is known as the “credit …

. Since then the cumulative deficit has grown into a debt to GDP level of 107% of GDP. The expected deficit for this fiscal … year 2020 is $3.7 trillion. Any debt in excess of over 85% of GDP lowers future growth patterns. U.S. Government debt …

In January 2007, U.K. Government debt to GDP stood at 32.5%. By December 2019 it had grown to 89.5% and the latest data … from September 2020 show a government debt level of just over £2 trillion, while its debt to GDP level did increase to 103 …

U.S. government debt and mortgage-backed securities paper issued by the state sponsored financial institutions, such as … Fannie Mae and Freddy Mac. Interest rates were kept at historical lows. The U.S. government debt to GDP level did rise from … increasing U.S. government debt levels might not be an attractive option. More Q.E. ... …

is that U.S. government debt to GDP has doubled from 62.3% at Q1 2007 to 127.3% at Q3 2020. Furthermore, since 2008, the … Fed has injected $6.5 trillion (Q.E.) into the U.S. economy. Both government debt and Q.E. are based on debt levels. There …

In the 2001 U.S. Survey of Consumer Finances (SCF), 27% of households report simultaneously revolving significant … credit card debt and holding sizeable amounts of liquid assets. These consumers report paying, on average, a 14% interest … rate on their debt, while earning only 1 or 2% on their liquid deposit accounts. This phenomenon is known in the literature …

data provided by the Spanish Survey of Household Finances (EFF) and the Labour Force Survey (LFS) we construct several …