If The Federal Reserve’s goal was to pile more and more debt on consumers, it achieved its goal!
That is an increase in consumer debt since The Fed started their asset purchase programs of 48%.
Mortgage debt, on the other hand, has fallen 1.66% since The Fed began purchasing assets in Q4 2008.
Student loans are up 128% since Q4 2008.
So if The Fed’s goal was to saddle millions of households with consumer debt and student loans ,,,, Mission Accomplished!!!