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U.S. household debt at record, nearing $14 trillion: NY Fed

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American households added $92 billion of debt in the third quarter, led by a ris...

FILE PHOTO - Homes are seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Stroudsburg, Pennsylvania, U.S., June 20, 2018. REUTERS/Mike Segar

The percentage of households behind on their debt payments also rose in the three months from July through September, the New York Fed said in its quarterly report on household debt. The aggregate delinquency rate rose to 4.8% from 4.4% in the second quarter, led by a pick-up in loans in the early stages of delinquency.

 

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There's a total of well over $40 trillion in PRIVATE debt in the U.S.

Why don't you do a story on why the FED is having to increase holdings at a rate faster than after 2008... The economy has a serious problem inside it...

Here comes the recession

welp, time to cut bill gate's taxes! again.

all very cool and very good and very normal. Nothing to see here, move along folks

Not me, in 2 days I'll make 1 last credit card payment and I'll be 100‰ debt free!

winning

RT : U.S. household debt at record, nearing $14 trillion: NY Fed Uh-oh,2008 repeat

In MAGA land everyone goes bankrupt to be like their president

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Americans now have a record $14 trillion in debtUS households are now sitting on a record $14 trillion in mortgages, credit cards, student loans and other forms of debt. Are we 'WINNING' yet ? MAGA. That’s a good thing. Economy good people spend money buy houses. Great job President Trump. And my 457 is growing at record numbers for me.
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Black student loan borrowers are defaulting at nearly twice the rate of whites: NY FedStudent loan borrowers from mostly black neighborhoods are almost twice as likel... Yep they will cuz they are good for nothing bunch 🐒🐒. Loans are racist. When you have all TheDemocrats screaming they gonna get everything free then why bother paying?
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