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Mortgage, Credit Card Surge Pushes US Household Debt To Record $17.5 Trillion, Delinquencies Up
Tuesday, February 6, 2024 - 4:14pm | 553Read More...U.S. household debt climbed by $212 billion, reaching a new record high of $17.5 trillion at the end of 2023, according to the New York Federal Reserve. The Quarterly Report on Household Debt and Credit revealed significant increases across several categories, with credit card balances and...
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Market Wrap For February 19: Stocks Close Lower, Nasdaq Ends Winning Streak
Wednesday, February 19, 2014 - 6:01pm | 2948Read More...U.S. stocks finished the day near session lows as investors found little reason to be bullish. Housing data came in poor and failed to rally the bulls. Several Fed members raised the idea of a rate hike but “participants agreed that, with the unemployment rate approaching 6.5 percent, it would...
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Household Debts Ratio Are Lowest Since 1990s
Saturday, September 24, 2011 - 12:28pm | 301Read More...The chart above is an update of previous CD posts (most recent one here), showing the ongoing de-leveraging of U.S. households based on new data released yesterday by the Federal Reserve. In the second quarter of 2011, household debt service for required payments on outstanding mortgage and...
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The Ongoing Deleveraging of American Households
Monday, August 15, 2011 - 10:32am | 352Read More...The chart above is an update of related CD posts in May (here and here), showing the ongoing deleveraging of American households. In the first quarter of 2011, household debt service for required payments on outstanding mortgage and consumer debt as a share of disposable personal income fell to...
