Everyday Americans Keep Racking up Debt and Missing Payments
In the third quarter, household debt soared by $147 billion, with increases across mortgages, credit cards, and auto loans.
Americans’ debt is growing — but so are incomes
Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, according to new data released Wednesday.
Household debt is up, but Americans are in a better spot to pay it
Household debt in the U.S. ticked up slightly in the third quarter of 2024, reaching nearly $18 trillion, according to data out today by the New York Fed. At the same time, personal disposable income has also increased, meaning that when you look at ...
Household Debt at New Record Is Squeezing Low-Income Americans
US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, but lower-income groups showing signs of financial strain.
Household debt at record levels as lower-income Americans feel squeeze
Higher debt levels for mortgages, auto loans, credit cards and student loans last quarter drove overall consumer debt to a record of $17.9 trillion.
NY Fed says household debt up in third quarter as rising incomes ease debt burden
By Michael S. Derby NEW YORK (Reuters) -Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the New York Federal Reserve said in a report released on Wednesday.
Credit card debt surges to another record high, New York Fed data shows
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to ...
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Illinois program wipes out medical debt for 52K residents
Illinois will erase $72 million in medical debt for over 52,000 residents, Gov. JB Pritzker announced Thursday. Funding from ...
Banks flood US debt market in biggest single-day raise since 2016, BMO says
Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions ...
Elon Musk, Vivek Ramaswamy, and the $35T national debt—entrepreneurs to the rescue
They're slated to lead Trump's Department of Government Efficiency, and it's a step in the right direction given the national ...
Student Loan Debt Relief Has Been A 'Lifeline' For Borrowers, Survey Says
After the COVID-19 payment pause ended, federal student loan borrowers were pushed into payments, and a recent survey found ...
Red sweep may speed US debt ceiling deal, stoke long-term bond worries
A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling ...
Banks to Pitch Roughly €11 Billion Buyout Debt Deal for Grifols
Banks are getting ready to submit final offers to Brookfield Asset Management for a debt package of about €11 billion ($11.6 ...
With Trump's win, student debt relief is in question. Here's what to know.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe." ...
Nearly half of Americans say debt is affecting their health: Study
The study also found that Americans are struggling to keep up. A majority of Americans (58%) admitted they are struggling to ...