Showing posts with label Household debt hit a record high of $13.5 trillion last quarter. Show all posts
Showing posts with label Household debt hit a record high of $13.5 trillion last quarter. Show all posts

Monday, November 19, 2018



By CA Political Review, Nov. 09, 2018

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.

Saturday, November 17, 2018


By NBC News, Nov. 16, 2018

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.