U.S. Household Debt Reaches Record $13 Trillion: Watch Subprime Auto Loans

ArticleDeflationNovember 28, 2017 - 4:49:18 AM

As the stock market soars to new heights, new data shows that U.S. household debt has reached a record high.

The Federal Reserve Bank of New York said Tuesday that household debt totaled $13 trillion in the third quarter ended September 30, an increase of 0.9% from the previous quarter.

Source:Forbes

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