Tag: household

BUSINESS

Total Household Debt In The U.S. Now At $15.58 Trillion

According to data from the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit, total household debt rose by $333 billion (2.2 percent) to reach $15.58 trillion in the fourth quarter of 2021. Mortgage balances — the largest component of household debt — rose by $258 billion. The volume of newly originated auto loans was $181 billion during […]