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House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

By Atif Mian, Amir Sufi
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By Atif Mian, Amir Sufi
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The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the G…

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