Indeed, in order to help households like these acquire the information they need to make good financial decisions for themselves and their families, the Federal Reserve System in 2003 initiated a national campaign to raise the visibility and highlight the importance of financial education.
But financially overextended households represent a small fraction of the total economy, and at the macroeconomic level, financial distress in the household sector seems unlikely to cut off the expansion. Conclusion Overall, the macroeconomic outlook for the United States is favorable.