American household debt just hit a new record high
|02/13/2019||Posted by BusinessMediaguide.Com under General World News||
- Household debt rose to $13.5 trillion in the fourth quarter, the New York Fed said Tuesday.
- Mortgage balance growth flattened, but credit in other areas grew.
- One of the most troubling trends, according to economists, was the number of Americans seriously delinquent on auto and student loans.
Americans faced record levels of debt at the end of 2018, with the amount owed by households rising for an eighteenth consecutive quarter.