Tuesday, August 15, 2017

Americans' Debt Level Notches Record 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 published on Tuesday.

from FA News http://www.fa-mag.com/news/americans--debt-level-notches-record-high-34160.html

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