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Federal government debt surged at an annual rate of
39¼ percent in the third quarter, the largest quarterly
growth rate recorded in the flow of funds accounts.
39¼ percent in the third quarter, the largest quarterly
growth rate recorded in the flow of funds accounts.
At the end of the third quarter of 2008, the level of domestic nonfinancial debt outstanding was $33.0 trillion; household debt was $13.9 trillion, nonfinancial business debt was $11.0 trillion, and total government debt was $8.1 trillion.
Household net worth—the difference between the value of assets and liabilities—was an estimated $56.5 trillion at the end of the third quarter of 2008, $2.8 trillion dollars less than in the preceding quarter.
Federal Researve Press Release http://www.federalreserve.gov/releases/z1/default.htm