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Morgan Housel: Consumer deleveraging keeps total debt share of GDP flat

Morgan Housel: Consumer deleveraging keeps total debt share of GDP flat
Debt share of GDP remains flat

Morgan Housel, partner at Collaborative Fund and author of 'The Psychology of Money' and 'Same as Ever', points out that consumer deleveraging has been so significant that total debt, including both government and private sectors, as a share of GDP, has remained flat over the last 20 years.

He notes this trend highlights the lasting impact of financial behavior on the broader economy.

Housel previously introduced a podcast episode discussing Bitcoin, worldviews, and information. In a separate analysis, he examined the long-standing challenge of getting rich versus staying rich. His ongoing commentary frequently centers on financial behaviors and their implications.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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