US household debt soared to nearly $15 trillion last quarter
CNN
Americans have more debt than ever before. US household debt increased by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York.
A surge in credit card spending and home purchases caused US household debt to increase by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York. That's the largest nominal jump since 2007 and the biggest percentage increase in seven and a half years.More Related News
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