total household indebtedness Archives - munKNEE.com
Thursday , 4 March 2021

Tag Archives: total household indebtedness

Record High American Debt Is A Recipe For Disaster!

According to the just-released latest quarterly household debt and credit report by the NY Fed, Americans' debt rose to a new record high in the fourth quarter on the back of an increase in virtually every form of debt: from mortgage, to auto, student and credit card debt (although HELOCs posted a tiny decline). With interest rates on household credit rapidly rising, and with no savings to fall back on, this is a recipe for disaster.

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