Much has been made about how credit card balances have been climbing to new record levels. While observations like this are accurate, they’re not particularly helpful without the context of assets or liabilities.

With that in mind, Apollo Global economist Torsten Slok shares this chart of household liabilities as a percentage of net wealth. apolloacademy.com/us-household-balance-…

The bottom line: You might hold more debt than ever. But if your net worth is considerably higher, then that debt may also be more manageable than ever.

I wrote about this for TKer subscribers a while back: tker.co/p/weekly-consumer-corporate-deb…