New York Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023 (increased by $2.9 trillion since the end of 2019); Credit Card Debt Exceeds $1 Trillion for the first time. The Debt Time Bomb is Ticking...
Notice how Student loans is artificially suppressed?
Wut mean?:
1. Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion.
2. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including