19 June 2014

“The debt-to-income ratio went down each first quarter during the previous 5 years before rising once again in the spring-summer period – the main buying season.”

The first quarter showed a mortgage debt increase by 0.6% to $1.1 trillion – it’s the weakest growth since 2009. In the same time, consumer credit debt fell by 0.3% to $507 billion.

This change could be partially caused by a 2.5% increase of the household net worth, led by a 3.2% growth in the value of other equities and 2% gain in the real estate value.

As a result, household net worth per capita was up to $222,600 in the first quarter of 2014.


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