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Household Debt Hits New High

  • Metro East REIA
  • Mar 17, 2021
  • 1 min read

According to data from the NY Fed (illustrated for us by Statista), U.S. household debt climbed to a record high of $14.6 trillion at the end of 2020, with mortgage going above $10 trillion for the first time. They say this was driven mainly by a a record volume of mortgage originations, with households taking advantage of historically low rates to refinance. Either way, that’s a lot of debt. Continue reading HERE...

 
 
 

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