Total US household debt soars to record above $13 trillion
Tuesday, February 13, 2018 | Tag Cloud Tags: debt, Federal Reserve, News, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The American consumer is loading up on debt.
Total household debt rose by $193 billion to an all-time high of $13.15 trillion at year-end 2017 from the previous quarter, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data report released Tuesday.
Mortgage debt balances rose the most in the December quarter rising by $139 billion to $8.88 trillion from the previous quarter. Credit card debt had the second largest increase of $26 billion to a total of $834 billion. [ Source: CNBC (Read More…) ]
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