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Tag Archives: Household Debt

Household Debt on the Rise

The Federal Reserve Bank of New York recently released its quarterly report on Household Debt and Credit. Read on to discover the data breakdown for Q3 2017.

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Fed: Household Worth Climbs with Stock and Housing Market

According to the United States Federal Reserve report, overall national net worth of households rose by 1.7 percent, to $1.7 trillion in the second quarter of 2017, which has been attributed to continued growth in both the stock market and the housing market.

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Fed: Household Debt Increases

Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.

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New York Fed Finds Increasing Debt Levels in Q1

The New York Fed recorded an increase of $129 billion in national outstanding household debt in the first three months of the year, bringing the total debt level up to $11.65 trillion. It was the third straight quarterly gain. Leading the increase was a rise in mortgage debt, which was up by $116 billion from the end of 2013, according to the bank.

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