US household debt nears $14 tn in Q3: NY Fed

US household debt nears $14 tn in Q3: NY Fed: Borrowing by American households rose for the 21st straight quarter in the July-September period and is more than $1 trillion above the prior peak set in 2008 at the outset of the global financial crisis, the New York Federal Reserve Bank said Wednesday. Amid attractive interest rates, total household debt rose 0.7 percent to $13.95 trillion in the July-September period compared to the prior three months, driven higher by mortgage borrowing as...

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