While both housing and non-housing personal debt loads in the US have climbed to their highest levels historically, debt as a proportion of disposable income has decreased significantly over the past decade. In April, the personal savings rate surged to 33%, representing the highest percentage of disposable income being set aside for the future on record.1 Low unemployment, rising incomes, efficient taxation and low interest rates are all key factors in maintaining and improving the financial health of Americans by earning more than they are spending.
1 https://moneywise.com/