Could Household Debt Cause the Next Recession?

The video discusses the economic challenges faced by households due to rising debt and income inequality. It highlights the impact of recessions on household spending, the types of debt households carry, and the difficulties in measuring income inequality. The middle class is particularly affected by fixed expenses and debt burdens, leading to a lower standard of living. The video also explores Hyman Minsky's financial theories and their relevance today, analyzing household debt categories and trends. Finally, it suggests policy recommendations to address these issues, including government support and tax reforms.

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