Another Representation of Student Debt as a Percentage of Total Personal Debt

Several days ago, I posted several pie charts showing student-loan debt as a percentage of total personal debt in 2003 and in 2013.

Business Insider has represented the same federal data as a bar graph of the first- and third-quarter data from each year between 2003 and 2014.

What this graph allows one to see is that even as total personal debt declined following the Great Recession, student-loan debt continued to increase and that the increase in student-loan debt has been a major factor in the increases in total debt over the past year or so.

Bar Graph, Americans' Debt, by Type, 2003 and 2013

The complete item from Business Insider is available at: http://www.businessinsider.com/ny-fed-q1-2014-household-debt-2014-5?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Markets%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_051314

 

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