[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-321500-105":59,"doc-detail-321500-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","households-debt-burden-revisited","Households'Debt Burden Revisited","","Late 1986 analysis reviews the economic recovery and examines whether consumer finances are collapsing under debt. It notes that the upswing has remained strong and long, with gains in employment, after-tax personal income, and broad measures of output and spending. The discussion revisits consumer installment credit growth, shows that consumer-debt concerns depend on how household condition is measured, and compares installment-credit ratios with the relationship between total debts and household assets while citing related labor, income, and housing-market indicators.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/households-debt-burden-revisited/321500/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/households-debt-burden-revisited/321500.png","ImageObject",300,407,{"name":92,"@type":93},"Riley","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What economic recovery conditions are described as setting the context for the debt discussion?","Question",{"text":112,"@type":113},"The text characterizes the recovery as long and strong, highlighting increases in employment, after-tax personal income, and growth in consumer spending and gross national product.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the document explain that consumer-debt concerns depend on the way household finances are measured?",{"text":117,"@type":113},"It contrasts the installment-credit-to-income ratio with another approach that looks at the relationship between total debts and household assets, emphasizing that rising installment credit does not automatically imply an imminent consumer disaster.",{"name":119,"@type":110,"acceptedAnswer":120},"What indicators related to income, consumption, and saving are mentioned?",{"text":121,"@type":113},"It notes that real disposable personal income has fallen in several of the past months but still shows a net gain since the year began, and it reports changes in consumption—especially durable goods—and a decline in real personal saving when DPI decreased and consumption increased.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},321500,1790455486,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},1374391975076,"https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051","o AnnuXFS Chart;8oure:  Tederal Reseze oard  \nDecember,1986 marks the beginning ofthe fifth year since the end of the 1981-82recession.  After early concerns about theupturn's strength and longevity,it has turnedout to be both long and strong.At 48 months itis now the third longest American peacetimeupswing since record keeping began in 1854,and it will move into first place next Octoberif,as seems likely at present,it continuesthrough 1987.Over the course of the upswingemployment has increased 11 percent,personalincome after taxes has risen 29 percent,andboth personal consumption expenditures andgross national product have increased 32percent.  \nIt seems that one phenomenon ofcyclical recoveries is increasing commentarythat consumers are overloaded with debt,particularly installment credit.  There is,ofcourse,no question that consumer installmentcredit rises during cyclical upswings.Following the typical pattern,  consumerinstallment credit rose 14 percent in 1983 and21 percent in 1984 before slowing to 18 percent   \n# Households'Debt Burden Revisited\n\nin 1985 and a likely 11-12 percent range in1986.It does not necessarily follow,however,that the consumer sector of the economy issinking in a sea of debt or that some sort ofconsumer disaster is imminent.  \nThere are many ways of looking athouseholds'financial condition.Probably mostcommon is to examine the ratio of installmentcredit outstanding to income.This ratio hasrisen from 14 percent to 19.7 percent in thisrecovery,provoking much of the currentconcern.  Another method is to examine therelationship between total debts and assets,asin the chart shown here.  Household assetsconsist of tangible assets such as land,houses,and consumer durable goods plus a range offinancial assets from currency and depositsthrough long-term claims including insuranceand pension reserves.  Holdings of tangibleassets rose from S844 billion in 1966 to S5.1trillion at year end 1985,or 504 percent.Totalfinancial assets increased almost as much inpercentage terms,up 429 percent to S10.3trillion.(text continued on next page)  \n%Change in Gross National Product  \n(8mnyuted Aowe Rel  \nBaree Deprimerk of emmr  \nChange in Consumer Price Indexmn m femd rluur Bopernek efLe  \nGNP growth picked up in the second quarterto a 2.9%annual rate after having threatened toslow down to almost nothing in the previousquarter(see chart).There were conflicting signsin economic data released for the months of thethird quarter,but among them several signs ofcontinuing improvement.  \nNovember employment(the most current setof statistics available),for example,showedencouraging signs.Overall employment continuedits increase and unemployment remained about thesame.The household survey's unemployment ratealso remained unchanged in November at 7.0%forthe civilian population (see table,items I).Especially noteworthy was a 0.2%increase inmanufacturing employment,reflected in theestablishment survey.    This is the secondconsecutive increase in manufacturingemployment,and the magnitude of the increase inNovember was greater than that in the previousmonth although both can only be characterized asmodest.  \nThe annual rate of real disposable personalincome(DPI),has fallen in 4 of the past 6 monthsbut,through September(the latest month forwhich real-dollar figures are available),maintainsa net gain of 1.7%since the year began.Amongreal personal consumption expenditures,whichhave risen more consistently than income,spendingon durable goods increased particularly rapidly inAugust and September.By contrast,consumptionspending for durable goods declinded by quite abit in current dollars in October (theinflation-adjusted October figures are not yetavailable),as manufacturers eliminated auto-salesincentives.  Current-dollar DPI increased at thesame rate in October as it had in September.Realpersonal saving declined in September as DPI wentdown and consumption went up(see table,items II).  \nConsumers'activity in the housing marketoverall sl","cbCaibg0abF8BaDQ","https://ap.wps.com/l/cbCaibg0abF8BaDQ","pdf",1525233,11,"English","# Households'Debt Burden Revisited\n## Debt burden versus household income and assets\n## Macroeconomic indicators during the recovery\n## Labor, income, consumption, and housing-market signals","[{\"question\":\"What economic recovery conditions are described as setting the context for the debt discussion?\",\"answer\":\"The text characterizes the recovery as long and strong, highlighting increases in employment, after-tax personal income, and growth in consumer spending and gross national product.\"},{\"question\":\"How does the document explain that consumer-debt concerns depend on the way household finances are measured?\",\"answer\":\"It contrasts the installment-credit-to-income ratio with another approach that looks at the relationship between total debts and household assets, emphasizing that rising installment credit does not automatically imply an imminent consumer disaster.\"},{\"question\":\"What indicators related to income, consumption, and saving are mentioned?\",\"answer\":\"It notes that real disposable personal income has fallen in several of the past months but still shows a net gain since the year began, and it reports changes in consumption—especially durable goods—and a decline in real personal saving when DPI decreased and consumption increased.\"}]","Households'Debt Burden Revisited | PDF",1789959483,28]