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U.S. household debt near record levels, Federal Reserve report says
Feb. 17 (UPI) --Total U.S. household debt climbed to a near-record $12.58 trillion by the end of 2016, a Federal Reserve Bank of New York report says. February's 33-page "Quarterly Report of Household Debt and Credit" shows that every category of debt ...
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Americans’ Debt Level Ticks Up in 2Q
Americans’ debt level reached another record high ... Reuters reports. Total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, Reuters reports, citing a Federal Reserve Bank of New York report published ...
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U.S. HOUSEHOLD DEBT HITS RECORD $12.84 TRILLION – CHINA TOP OWNER OF I.O.U. PAPERS
The latest quarterly Federal Reserve Bank of New York’s report on household debt and credit is out ... Those figures are near the highest levels since the 2008-09 crisis. Guess what, Americans now owe a record high US$1.19 trillion in auto loans.
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Why There Will Be No 11th Hour Debt Ceiling Deal
According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt ... its part by soaring to record highs. And consumers did their part, by spending their way to record levels of debt. The economy, on the other ...
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Household Debt Hits Record as Auto Loans and Credit Cards Climb
U.S. household debt reached a new record of $12.8 trillion in the second ... now $1.7 trillion higher than it was in 2013, according to the Federal Reserve Bank of New York’s quarterly report on household debt and credit. While overall debt has increased ...
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U.S. personal credit card debt reaches all time high
As of the end of June this year, US consumer credit-card debt has surpassed a record set ... While these levels are not near those during the financial crisis, they are a cause for concern and will complicate the Federal Reserve's assessment as to whether ...
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U.S. Household Debt Jumps To Near Crisis-Era Record, Says NY Fed Survey
U.S. household debt hit near an all-time high in the fourth quarter, reaching $12.58 trillion, as credit was more readily available for mortgage, auto and student loans, a Federal Reserve Bank of ... said in the report. Some 4.8 percent of the debt was ...
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US Household Debt Hits Record High, Report Says
U.S ... report released Wednesday by the New York Federal Reserve Bank. The figure isn’t adjusted for inflation or population size. Officials at the New York Fed say that while the figure is at historic levels, there is no reason to panic. “This record ...
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U.S. household debt near record levels, Federal Reserve report says
Total U.S. household debt climbed to a near-record $12.58 trillion by the end of 2016, a Federal Reserve Bank of New York report says. February’s 33-page “Quarterly Report of Household Debt and Credit” shows that every category of debt measured ...
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U.S. household debt near record levels, Federal Reserve report says
Mortgages accounted for 67 percent of the $12.58 billion in U.S. household debt, which February's report by the Federal Reserve Bank of New York says is expected to increase in 2017. The report says the record $12.68 trillion in household debt, set in 2008 ...
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