House of Debt from University of Chicago Press at the Book Checkout

House Of Debt
House of Debt
Subtitle:
How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
Book Category:
Business & Economics > General
Author:
Atif Mian| Amir Sufi
Binding:
Cloth
ISBN 13:
9780226081946
Price:
USD 26

Publisher Info

University of Chicago Press.

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Book Description

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.

 
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