As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by DAILYCALLER.COM:
The total debt of Americans hit a record-high $13.51 trillion dollars as of September 30 this year according to the Fed’s Quarterly Report on Household Debt and Credit.
This total surpasses the previous peak in 2008 during the recession by $837 billion. This is a 1.6-percent increase from last quarter, which continues the upward trend of debt in the United States since Q2 of 2013.
The article goes on to state the following:
This increase is mainly due to mortgage balances increasing $141 billion to a total of $9.1 trillion. Other non-housing forms of debt such as auto loans and credit card balances also increased by a total of $88 billion, according to the Fed’s report.
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— Luca Gualtieri (@Luca_Gualtieri1) November 19, 2018
— New York Fed (@NewYorkFed) November 9, 2018
Household debt hits a record high https://t.co/bEk0ynSb6s
— Piggyback Credit (@PiggybackCredit) November 14, 2018
Our bloggers share an update on the “graying” of American debt, highlighting the new charting of debt statistics by age available in our Quarterly Report on Household Debt and Credit. https://t.co/8cQtob2a8g
— NY Fed Research (@NYFedResearch) November 16, 2018
— The Daily Caller (@DailyCaller) November 19, 2018
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