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Rising Debt in the Private Sector: A Cause for Concern?

In: Profits, Deficits and Instability

Author

Listed:
  • John Caskey
  • Steven Fazzari

Abstract

One of the most striking developments in the US economy over the past decade has been the growth of private sector debt. Highly publicised leveraged buy-outs and financial restructurings have saddled the corporate sector with levels of debt that are unprecedented in the post-war period. High consumer spending has fuelled the long expansion of the mid-1980s, but it has been financed with credit, putting the household sector deeply in debt.

Suggested Citation

  • John Caskey & Steven Fazzari, 1992. "Rising Debt in the Private Sector: A Cause for Concern?," Palgrave Macmillan Books, in: Profits, Deficits and Instability, chapter 11, pages 202-218, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11786-4_11
    DOI: 10.1007/978-1-349-11786-4_11
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    Cited by:

    1. Martin H. Wolfson, 1993. "Corporate Restructuring and the Budget Deficit Debate," Eastern Economic Journal, Eastern Economic Association, vol. 19(4), pages 495-520, Fall.

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