In early 2017, total household debt in the U.S. reached an all-time high according to the Federal Reserve Bank of New York’s Household Debt and Credit Report. There has been some handwringing over this given huge debt loads last decade were one reason for the financial crisis and its severity. However one cannot just look at the total debt number without context. One must look at both debt and income, or liabilities and assets to make sense of the situation. What follows is an update on household debt here in Oregon.