Consumer debt in the U.S. rose last quarter by the most in more than six years as Americans borrowed to buy homes and cars and to pay for education, according to a report by the Federal Reserve Bank of New York.
Household debt increased 2.1 percent, or $241 billion, to $11.52 trillion, the biggest gain since the third quarter of 2007, the report showed. The level of debt last quarter was $180 billion higher than a year earlier.
Consumers are in debt $11.52 trillion...with a "T."
Site design by
Matthew Fries | ©
2003-19 Consilience Productions. All Rights Reserved.
Consilience Productions, Inc. is a 501(c)(3) non-profit organization. EIN#: 26-3118904.
All contributions are fully tax deductible.