Remember that recent economic analysis that said Americans were more in debt than they've been in almost a decade? The bulk of that debt is housing related, but student debt also is a big contributor to the growing owing. HouseholdsShow More Summary
Let’s take a look at the second largest source of household debt (after mortgages): Student Loans. The post Student Loans Debt: The Bubble is Still Inflating was originally published at The Wall Street Examiner. Follow the money!
Household debt has reached a new all-time high, and while the data do not indicate an imminent economic collapse, the debt binge cannot endure forever. Total household debt reached $12.73 trillion as of March 31, eclipsing the previous record of $12.68 trillion set during the third quarter of 2008, the Federal Reserve Bank of New […]
Those of you who follow this blog know that I am a severe/extreme contrarian when it comes to median investor perceptions of the severity of leverage risks. That is to say, mildly, that I do not like extremely high levels of debt exposures at the macro... The post U.S. Show More Summary
On foot of my earlier post on U.S. household debt, it is worth mentioning another, much-overlooked in the media, fact concerning U.S. real economic debt crisis. This fact is a staggering one, even though it has been published a yearShow More Summary
On Wednesday, the New York Fed confirmed that Americans had finally reached a symbolic marker of recovery from the Great Recession: a new record for household debt. Americans personally owed $12.73 trillion at the end of March, an amount that finally surpasses the $12.68 trillion we owed in September of 2008, before the economy tanked. Show More Summary
Americans are, collectively, in more debt than ever, with college grads suffering the most. With the rise in interest rates, that trend soon could get a lot worse.
The New York Federal Reserve reports that U.S. household debt has surpassed the peak debt level of 2008 at $12.7 trillion.
Following the 2008 financial crisis, many observers were surprised by how much many Americans began saving. From 2009 to 2012, total household debt fell considerably, dropping by more than 12 percent from 2008 to 2013.
HMM: U.S. household debt climbs to record high. The quarterly survey on household debt and credit showed that overall delinquency rates were roughly flat at 4.8 percent. While balances have steadily shifted to more credit-worthy borrowers, New York Fed economists raised some concern over the 11 percent of student loan debt that was “seriously delinquent” […]
US household debt during the first quarter rose to a new high, surpassing the previous record levels seen in 2008, a report from the New York Federal Reserve released Wednesday showed. Total household debt increased by $149 billion to...Show More Summary
The New York Times warns us that household debt has made a comeback: Americans have now borrowed more money than they had at the height of the credit bubble in 2008, just as the global financial system began to collapse. The FederalShow More Summary
Yes, household borrowing has topped the old record reached right before the financial crisis. But that doesn’t mean a meltdown is coming. For the first time since the financial crisis, household debt levels in the U.S. have surged past old records. Show More Summary
Of all the charts I have seen recently on “peak debt,” this one provides some basis for evaluating the context as to what the debt components look like. (More on this shortly…) U.S. Household Debt – 2008-2017Source: Wall Street Journal The post Household Debt appeared first on The Big Picture.
The Federal Reserve Bank of New York said Wednesday that household debt, which also includes home equity lines of credit, stood at $12.73 trillion in the first quarter. That's above the $12.68 trillion outstanding in the fall of 2008, the previous record. Show More Summary
Americans’ debt back at record high after nearly a decade. The post Americans’ debt back at record high after nearly a decade (YoY Household Debt Growing Faster Than YoY Earnings G was originally published at The Wall Street Examiner. Follow the money!
Household Debt Surpasses its Peak Reached During the Recession in 2008 Debt Composition and Performance Today Look Vastly Different; More Debt is Non-Housing Debt and Delinquencies Are Considerably Lower, Though Rising May 17, 2017 ...Show More Summary
The Q1 report was released today: Household Debt and Credit Report.From the NY Fed: Household Debt Surpasses its Peak Reached During the Recession in 2008The Federal Reserve Bank of New York today issued its Quarterly Report on Household...Show More Summary
It's beginning to look a lot like 2008. The New York Times reports Americans had $12.7 trillion in household debt during the first quarter of 2017—a record high beating out the previous peak, which came immediately before the financial crisis. The new record was announced Wednesday by the...
Debt reached $12.73 trillion in the first quarter, passing the record $12.68 trillion in 2008.