Focus
household debt
American Household Debt Soars to Record $17.5 Trillion
Delinquency rates are at their highest level since the Great Recession.
Credit Card Debt Hits Record High, Delinquencies Push Higher as Stretched Consumers Borrow to Spend
A report from the Federal Reserve shows household debt levels have climbed to all-time highs, led by a record jump in credit card debt—and a rise in defaults.
ANALYSIS: Impact of Fed Interest-Rate Hikes on Household Debt
Here’s a look at the impact of the Federal Reserve’s series of interest rate hikes on U.S. household debt.
Americans Inch Closer to Debt Level ‘Breaking Point’ as Household Borrowing Tops $17 Trillion
With Federal Reserve data showing household debt climbing above $17 trillion, the average American household is just over $14,000 away from reaching a “breaking point” at which it will be unable to continue paying off loans, according to a study by WalletHub.
Household Debt Sees Biggest Jump In 15 Years As Americans Rely More On Credit Amid Soaring Inflation
