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Household Debt in the US Just Hit an All-Time High

August 30th, 2017
Categories: News

Link: http://www.moneynewsmagazine.com/economy/household-debt-in-the-us-just-hit-an-all-time-high/

Americans’ debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped. Total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report

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