In the U.S., debt per adult soared 54 percent in the five years before the crisis. Then it plunged, down 12 percent in 4 years, although most of that resulted from people defaulting on loans. In the U.K., debt per adult fell a modest 2 percent, but it had jumped 59 percent before the crisis.Even Japanese and Germans, who weren't big borrowers in the years before the crisis, cut debt â¿¿ 4 percent and 1 percent, respectively.
AP IMPACT: Families Hoard Cash 5 Yrs After Crisis
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