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The states damaged by the financial crisis still stand out a decade later

The states damaged by the financial crisis still stand out a decade later

“The regional differences clearly show that the echoes of the financial crisis still linger,” said Donghoon Lee, research officer at the New York Fed.

The willingness for consumers to take on debt is seen as a sign of consumer confidence. Household debt is now 17.9% above the trough at the end of the Great Recession.

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