The most recent numbers that I have seen (2013) show that household wealth remains much lower than it was in 2007 for most Americans:
Key finding to keep in mind given the numbers that people tend to cite when they talk about how "the economy" (whatever that actually is) doing well: "Rather remarkably, there was virtually no rebound in net wealth from 2010 to 2013 despite the rebound in asset prices."
I think the 2013 data is outdated. Net worth has skyrocketed since 2013, and is now at a record:
Tbf, this continues decades long trends, as your chart amply shows. The number of job openings is at
record highs:
True, this is an issue that should be talked about more in politics.
A broader measure of household debt, covering $15 trillion however, shows that it hasn't increased much during this recovery, compared to the surge during the 2000s (which probably also accounts for the GDP growth then):
While student loans and auto loans have indeed increased rapidly, as shown in your chart, they are dwarfed by mortgage loan debt, which is well below 2007 levels.
Which may help explain why we're spending less on debt service than at any time since the 1970s:
Poverty, and the cost of housing and education, all disproportionately affecting young people, are major areas of lack.
