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Consumer debt levels continue to decline |
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August 12, 2010 |
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After peaking at $55.1k per consumer in Q4 2007, average consumer debt levels have fallen to $51.8k in Q1 2010. These figures are consistent with a continuation of consumer de-leveraging behavior found in a recently released Experian study which tracked consumer debt changes from 2004 to 2009.
Source: Experian-Oliver Wyman Market Intelligence Reports
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Download a complimentary copy of "Understanding Changes in Credit Supply and Demand", an Experian white paper, for more information on the latest consumer credit trends and the impact and implication of consumer deleveraging.
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