Pretty crazy the bottom 50% of households owe 36% of all debt but only own 6% of assets. Their growth in liabilities have been outpacing income growth for several decades.

Pretty crazy the bottom 50% of households owe 36% of all debt but only own 6% of assets. Their growth in liabilities have been outpacing income growth for several decades. #ConsumerIsSolidNarrative pic.twitter.com/Gn82LddboE

— Greg S. (@GS_CapSF) November 7, 2019