U.S. household debt reached $14.3 trillion, credit standards tightened in first quarter
American households added $155 billion of
debt in the first quarter and overall debt levels rose to a new
record at $14.30 trillion, the Federal Reserve Bank of New York
said on Tuesday in a report that provides a snapshot of where
household balance sheets stood before the coronavirus pandemic
brought much of the economy to a halt.
debt in the first quarter and overall debt levels rose to a new
record at $14.30 trillion, the Federal Reserve Bank of New York
said on Tuesday in a report that provides a snapshot of where
household balance sheets stood before the coronavirus pandemic
brought much of the economy to a halt.
Posted by Reuters
