Total household borrowing reached $16.51 trillion in the third quarter, an increase of $351 billion from the previous quarter and an 8.3% jump from a year ago

US household debt climbs to $16.5 trillion, biggest jump since 2008

US household debt soars to $16.5 trillion – an 8.3% rise in the fastest rise since 2008 – as inflation pushes Americans to tap lines of credit to afford rising prices U.S. household debt has risen 8.3% in the past year, the fastest pace since 2008 Total household borrowing hit $16.51 trillion in the third …

US household debt climbs to $16.5 trillion, biggest jump since 2008 Read More »