Household Debt Hit Record High of $13.5 Trillion Last Quarter

November 17th, 2018

Via: NBC:

The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the nation’s economic expansion is growing old.

Flows of student debt into serious delinquency — of 90 or more days — rose to 9.1 percent in the third quarter from 8.6 percent in the previous quarter, according to data from the Federal Reserve Bank of New York.

Posted in Economy | Top Of Page

Leave a Reply

You must be logged in to post a comment.