US Household Debt Reaches Fresh Record High of $18.59 Trillion: New York Fed

Date:

U.S. dollar bills, credit and debit cards in Washington on Oct. 4, 2024. Madalina Vasiliu/The Epoch TimesAmericans’ household debt levels, ranging from credit card balances to auto loans, reached a new record high last quarter.Total household debt in the United States surged by $197 billion in the third quarter to $18.59 trillion, according to the New York Federal Reserve.

spot_imgspot_imgspot_img

Share post:

More like this
Related

US Provides $25 Million for Return of Ukrainian Children

Ukrainian President Volodymyr Zelenskyy (R) and his wife, Olena...

Average US Long-Term Mortgage Rate Jumps to 6.38 Percent

US NewsThe increase represents the highest in six months,...

New York Fed Flags Sports Betting as a Growing Risk to US Consumer Credit Health

A person gambles as betting odds for the Super...

Retirees, Should You Take RMDs Early in the Year or Wait?

Timing your RMD isn’t trivial—it can affect growth, taxes,...