Wednesday, July 30, 2008
The New York Times has a good series of stories and graphics on the increasing debt load carried by Americans that is well worth a look.
The animated graphic below showing debt levels for various age groups is from an interactive graphic (no direct link available) in the series. It allows you to plug in your own level of debt to see how you compare with other age groups and with households at other income levels.
Unfortunately, this data set only goes back to 2004, so you could probably slide the labels on the x-axis to the left a little bit and get a more accurate picture of the reality today.
This is the image that first grabbed my attention - part of the lead story appropriately titled, "Given a Shovel, Americans Dig Deeper Into Debt"