Debt to GDP is the normal ration to watch
https://tradingeconomics.com/united-states/households-debt-t...
But I wonder if it is still a good measure as much of that new GDP is flowing to the 1%.
https://tradingeconomics.com/united-states/households-debt-t...
But I wonder if it is still a good measure as much of that new GDP is flowing to the 1%.
You'll have to factor in interest rates for that comparison. 60% of household debt at 5% interest is much worse than 80% of household debt at 2% interest.