Total household debt increased by $109 billion in during the second quarter to $17.80 trillion, a 0.6% uptick, according to new data from the Federal Reserve Bank of New York. Regarding housing debt, the new data report found mortgage balances up by $77 billion from...
U.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. Mortgage balances rose by $112 billion from the previous...
Sunbelt states that saw rising populations during the pandemic are now grappling with surging household debt while their Midwest neighbors are handling debt significantly better, according to the newly published “The U.S. States Most Impacted By Household Debt...
U.S. household debt passed the $17 trillion mark for the first time, according to data from the Federal Reserve Bank of New York. The newly published Quarterly Report on Household Debt and Credit reported a $148 billion (0.9%) increase to $17.05 trillion by the end of...
Cleveland Fed’s Hammack Backs Restrictive Rates as Inflation Pressures Pers…
