US corporate debt nears $10 trillion, now at record 47% of economy
Dec. 2, 2019, 01:11 PMJustin Sullivan/Getty Images
US corporate debt has swelled to nearly $10 trillion, according to data recently cited by theWashington Post.
That comes out to roughly 47% of the overall economy, which is a record, WaPo found.
Experts from the International Monetary Fund to trillion-dollar asset manager BlackRock are warning of the risk posed by ballooning investment-grade debt.
Following the 2008 financial crisis, companies have issued record-levels of bonds to investors amid historically low interest rates.