Total Family Debt Lowest in Six Years

Washington, DC, March 11, 2011 -- U.S. family debt last year was lower than at any point in the previous six years, according to the Federal Reserve.

Total U.S. household debt, including mortgages and credit cards, fell for the second straight year in 2010 to $13.4 trillion.

That translated to 116% of disposable income, down from a peak debt burden of 130% in 2007, and the lowest level since the fourth quarter of 2004.