NY Fed Q2 Report: "Total Household Debt Decreased in Q2 2020, Marking First Decline Since 2014"

From the NY Fed: Total Household Debt Decreased in Q2 2020, Marking First Decline Since 2014 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 decreased by $34 billion (0.2%) to $14.27 trillion in second quarter of 2020. This marks the first decline since the second quarter of 2014 and is the largest decline since the second quarter of 2013. The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual- and......(read more)

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