The Fed released the US Accounts to Dec 2016. It shows growth in household debt, but a lowering of business investment and government debt down from the 2008 highs.
Domestic nonfinancial debt outstanding was $47.3 trillion at the end of the fourth quarter of 2016, of which household debt was $14.8 trillion, nonfinancial business debt was $13.5 trillion, and total government
debt was $19.1 trillion.
Domestic nonfinancial debt growth was 2.9 percent at a seasonally adjusted annual rate in the fourth quarter of 2016, down from an annual rate of 5.8 percent in the previous quarter.
Household debt increased at an annual rate of 3.8 percent in the fourth quarter of 2016. Consumer credit grew 6.2 percent, while mortgage debt (excluding charge-offs) grew 3.1 percent at an annual rate. Percentage changes calculated as seasonally adjusted flow divided by previous quarter’s seasonally adjusted level, shown at an annual rate
Nonfinancial business debt rose at an annual rate of 2.6 percent in the fourth quarter, down from an annual rate of 6.3 percent in the previous quarter.
Federal government debt increased 2.9 percent at a seasonally adjusted annual rate in the fourth quarter of 2016, down from an annual growth rate of 8.2 percent in the previous quarter.
State and local government debt rose at an annual rate of 0.2 percent in the fourth quarter of 2016, down from an annual growth rate of 0.7 percent in the previous quarter.
The net worth of households and nonprofits rose to $92.8 trillion during the fourth quarter of 2016. The value of directly and indirectly held corporate equities increased $728 billion and the value of real estate rose
$557 billion.
