UPDATE 1-U.S. household debt tops $14 trillion and reaches new record
American households added $193 billion of
debt in the fourth quarter, driven by a surge in mortgage loans,
and overall debt levels rose to a new record at $14.15 trillion,
the Federal Reserve Bank of New York said on Tuesday.
debt in the fourth quarter, driven by a surge in mortgage loans,
and overall debt levels rose to a new record at $14.15 trillion,
the Federal Reserve Bank of New York said on Tuesday.
Posted by Reuters
