November 17, 2018

Household debt at record high

NBC News - 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.

The $219 billion rise in total debt in the quarter ended September 30 was the biggest jump since 2016. T

1 comment:

Greg Gerritt said...

All of the ecopnomic grwoth Trmp trumpets is the result of greater debt, economic and ecological, and is a recipe for disaster