Saturday , 23 January 2021

Household Debt Climbs in Q4, Led by Mortgages

By Tory Barringer

The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014. Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion.

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