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On a historical basis mortgage debt levels are near 35-year lows which incidentally coincides with a 30-odd year low in the homeownership rate.  Credit card or revolving debt has increased steadily for a little over 3-years.  Last but not least the sharp decline in interest rates since the 2008-2009 financial crisis has also helped to improve this data series as lower interest rates means lower payments.  The primary reason the picture changes dramatically when one looks at the total debt levels as they have risen steadily since 2010.

This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
 
You can catch me on the radio at noon each business day as well on California’s central coast.  KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.

Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.

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