in

Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates

Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates

A “For Sale” sign outside a house in Albany, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade.

Joe Raedle | Bloomberg | Getty Images

Household debt climbed past $16 trillion in the second quarter for the first time, as soaring inflation pushed up housing and auto balances, the New York Federal Reserve reported…


Posted by Editor

Leave a Reply

Jerry Jones: 'No urgency' about Cowboys' WR injuries

Jerry Jones: ‘No urgency’ about Cowboys’ WR injuries

Government Has Rejected Plans For Olympics-Style Event To Fund Mental Health Services For First Responders

Government Has Rejected Plans For Olympics-Style Event To Fund Mental Health Services For First Responders