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NY Fed: Household debt rose 0.1% in Q2

Credit card balances rose 4.6% to a record $1.03 trillionAuto loan balances rose $20 billion to $1.58 trillionMortgage balances largely unchanged at $12.01 trillionThese numbers are: 1) a reminder of how mortgages are the overwhelming sources of debt 2) How credit card lenders are making an annualized $200 billion in interest payments at current levels above 20%. This article was written by Adam Button at www.forexlive.com... Read More

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Posted: Aug 8 2023, 15:05

Author Name: forexlive

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