About House of Debt
In 2014, our contributors Atif Mian and Amir Sufi released House of Debt, a ground-breaking book on the driving forces behind the Great Recession.
Here’s what they discovered:
“The Great Recession, Great Depression
as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.
Here’s the thing.
Our spending habits and attitudes toward debt is the problem. The Great Recession of 2008 was just one result of our poor relationship with credit.
If we don’t want 2008 to happen again, then we must fix our money habits. That’s why we started this site.
Our mission is to make houseofdebt.org an all-in-one resource that can guide Americans (or anyone) to develop healthy habits towards their household finances. We believe that by changing our behaviors in spending, saving and borrowing; we will create a thriving economy.
So join us and make that positive change in your household finances today!