American Household Debt Surpasses $16 Trillion

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2022-08-08 13:07:21 -

https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/american-household-debt-surpasses-16-trillion/

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American household has reached a new high, according to a report by the Federal Reserve Bank of New York. Total household debt has surpassed $16 trillion for the first time in American history. Americans have taken on $2 trillion in additional debt since the pandemic. Aggregate household debt balances rose by $312 billion in Q2

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