Calculated Risk: NY Fed Q2 Report: Total Household Debt Surpasses $16 trillion
A top ranked economics and finance blog with a focus on the housing market
Source: calculatedriskblog.com
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Credit card debt surged as inflation forced Americans to borrow more
Credit card balances increased $46 billion in the second quarter, a 5.5% increase from the first quarter, and there was also an uptick in new credit card accounts.
Source: pressherald.com
U.S. household debt surpasses $16 trillion on higher mortgages
From Bloomberg: U.S. household debt increased by 2% to $16.2 trillion in the second quarter, with mortgages, auto loans and credit-card balances all seeing sizable increases, according to a report by the New York Federal Reserve Bank.
Source: crainscleveland.com
Mortgage Debt Swells as Home Prices Soar
The mortgage debt rose 1.9 percent this past quarter as the housing market continues to soar coming out of the pandemic.
Source: breitbart.com
Mortgage Debt Swells as Home Prices Soar
The mortgage debt rose 1.9 percent this past quarter as the housing market continues to soar coming out of the pandemic.
Source: breitbart.com