Household 1

US household debt : highest since 2008 (Fed)

Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve’s quarterly report released Thursday. The figure represents a $226 billion increase in household debt for the fourth quarter, the largest quarterly increase since 2013. The ballooning debt figure is attributed mostly to […]