US Household Debt Reaches New Highs Amid Rising Financial Strain
TL;DR
Americans' household debt has reached a record high of $18.59 trillion, driven by increases in mortgages, student loans, credit cards, and auto loans, with student debt hitting $1.65 trillion and delinquency rates rising, especially among student borrowers, though overall household financial health remains relatively strong according to the Federal Reserve Bank of New York.
- Americans' household debt hits new record high, according to report abcnews.go.com
- US household debt up modestly in third quarter, New York Fed says Reuters
- Younger Borrowers Show Signs of Financial Stress as Debt Levels Climb Barron's
- Household debt edges up to $18.6T in Q3, delinquencies stay elevated MSN
- Household debt just hit a new high. Here's what to do about yours now. CBS News
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