NY Fed Q4 Report: "Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume since 2005"

From the NY Fed: Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume since 2005 The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit , which shows that total household debt increased by $193 billion (1.4%) to $14.15 trillion in the fourth quarter of 2019 . This marks the 22nd consecutive quarter with an increase, and the total is now $1.5 trillion higher, in nominal terms, than the previous peak of $12.68 trillion in the third quarter of 2008. The Report is based on data from the New York ......(read more)

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