Household debt ticks up in third quarter 2022
Total household debt rose by $351 billion, or 2.2%, to reach $16.51 billion in the third quarter of 2022, the Federal Reserve Bank of New York reported today.
Browsing: Household debt and credit
Most adults see debt blocking their financial goals
Most U.S. adults are on top of managing their debt, but those with debt believe it is standing in the way of realizing their financial goals, according to a new survey by insurer New York Life.
NY Fed: American consumer debt share by product type and age
According to a report by the NY Fed, mortgages, credit cards, and HELOCs constitute a higher percentage of debt for older individuals, whereas student and auto loans make up a larger share of debt for those aged 18-29 years old.
Household debt rises amid growth in credit card debt
Total household debt increased 2% in the second quarter of 2022, rising by $312 billion to land at $16.65 trillion, the Federal Reserve Bank of New York reported today.
Survey: Consumers worried about continued Fed rate hikes
The cost of existing credit card debt continues to rise as the Federal Reserve has increased interest rates this year—so far, by $4.9 billion, according to a recent WalletHub survey.
N.Y. Fed: Household spending expectations rise in May
Americans’ expectations for how much more they will spend in the next year increased sharply to 9% in May from 8% the month earlier. It is the fifth consecutive increase and a new high, according to the Federal Reserve Bank of New York.
Household debt ticks up slightly in Q1
Total household debt increased by 1.7% to $15.84 trillion in the first quarter of this year, the Federal Reserve Bank of New York reported.
Household Debt Rises by $333 Billion in Fourth Quarter of 2021
Total household debt increased 2.2% in the fourth quarter of 2021, rising by $333 billion to land at $15.58 trillion, the Federal Reserve Bank of New York reported today.
Household Debt Rises by $286 Billion in Third Quarter
Total household debt increased 1.9% in the third quarter of 2021, rising by $286 billion to land at $15.24 trillion, the Federal Reserve Bank of New York reported today.
Household Debt Rises by $313 Billion in Second Quarter
Total household debt increased 2.1% in the second quarter of 2021, rising by $313 billion to land at $14.96 trillion, the Federal Reserve Bank of New York reported today.