Americans' debt level notches a new record high | WHAT REALLY HAPPENED


Americans' debt level notches a new record high

Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped. Total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report published on Tuesday.

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Americans' debt level notches a new record high

Old_Logan

(*In Lockstep , oddly enough , with the Trump Pentagon/Defense budget)

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