We know that America has been saving less and borrowing more since the 1920s, but seeing it on a chart hits home.
America's Debt Trap from 1920-2008, courtesy the New York Times.
The above screenshot from the Times' American Way of Debt interactive graphic features US Savings and Debt since the 1920s.
The yellow at the top shows an average household's annual savings and the blue below shows debt, in today's dollars.
Events that changed consumer credit and savings habits are noted by decade.
(To run: Choose "Start", "Lifetime," and "Launch Interactive")
Crossposted at America's Class War