U.S. families' debt loads decline to pre-recession levels

The amount of home mortgages, credit card debt and most other consumer liabilities now stands on par with 2006 or earlier, according to Moody's Analytics data.

WASHINGTON — After a long period of consumer retrenchment, U.S. families have cut their once-out-of-control debt loads down to pre-recession levels, largely removing one major obstacle to a faster economic recovery.

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