5.9k Share this

Americans took on more new debt in 2021 than in any year since before the 2008-09 financial crisis.

Total household debt rose by $1.02 trillion last year, boosted by higher balances on home and auto loans, the Federal Reserve Bank of New York said Tuesday. It was the largest increase since a $1.06 trillion jump in 2007. Total consumer debt now sits at around $15.6 trillion, compared with $14.6 trillion a year earlier.

Source: WSJ

5.9k Share this
You May Also Like

The Inflation Measures That Business Leaders Should Follow

Inflation is rising however you measure it. Dr. Bill Conerly based on…

Jamey Johnson Becomes The Newest Member Of The Grand Ole Opry

Bill Anderson welcomes Jamey Johnson as an official member of the Grand…

Russian Invasion Intensifies Role of New U.S.-EU Tech Council

A new forum for the U.S. and European Union to settle differences…

Have Reserve Reports Been Relegated To Investor Footnotes?

In the early part of my career, I vividly recall first learning…

Trump Agrees To Post On Truth Social Before Any Other Sites—With Some Caveats

Topline Former President Donald Trump has agreed to post on Truth Social…

Is Elon Musk Right Or Wrong To Dismiss Hydrogen Use For Low-Carbon Energy Storage?

Tesla CEO Elon Musk gestures as he arrives at the Axel Springer…

‘Andy Griffith Show’ Actress Maggie Peterson Dies At 81

‘Gomer Pyle, USMC star Jim Nabors and actress Maggie Peterson at a…

Abbott Strikes Deal With FDA To Reopen Baby Formula Plant At Center Of National Shortage

Topline Abbott Laboratories has reached an agreement with the Food and Drug…