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American Household Debt Surpasses $16 Trillion
Posted Aug 8, 2022 by Martin Armstrong
American household has reached a new high, according to a report by the Federal Reserve Bank of New York. Total household debt has surpassed $16 trillion for the [...]
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Credit Card Debt on the Rise
Posted Jun 14, 2022 by Martin Armstrong
The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many [...]
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US Household Debt Rises by $1 Trillion
Posted Feb 14, 2022 by Martin Armstrong
Household debt in the US spiked to the highest level since 2007. According to the Federal Reserve Bank of New York, Americans accumulated an additional $1 trillion [...]
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