• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Household Debt Hit a Record High of $13.5 Trillion Last Quarter

November 17, 2018 1 Comment

The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the nation’s economic expansion is growing old. Total household debt is now $837 billion higher than its previous peak, which was in 2008 before the recession. NBC News reports:

The world’s largest economy has grown well above potential this year on the back of strong consumer spending and the lowest unemployment rate since the 1960s. If growth continues for another year it will be the longest ever.

Total household debt, driven by a $9.1 trillion in mortgages, is now $837 billion higher than its previous peak in 2008, just as the last recession took hold. Such debt has risen steadily for more than four years and sits more than 21 percent above a trough in 2013.

The $219 billion rise in total debt in the quarter ended September 30 was the biggest jump since 2016.

Related

Comments

  1. James Brigham (Bigg) Bunyon says

    November 17, 2018 at 10:40 am

    Stupid people doing stupid things to mortgage their futures, and their children’s, to get the things they mostly don’t need. Pathetic

Leave a Comment Cancel reply

Must Read

  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • What's the Recommended Temperature for Vacant Home in Winter?
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Average Person Worries About Money 6 Times A Day
  • Professional Panda Cuddler as the World's Best Job for $32,000 per Year
  • Apple Launches Apple Card's Savings Accounts With 4.15% Interest Rate
  • How to Cash Out Pension Plan Early
  • Where Best to Invest Your Money In 2017
  • How to Refinance a Paid Off Car

Recent Posts

  • Apple Launches Apple Card’s Savings Accounts With 4.15% Interest Rate
  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News