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Re: American household debt reaches $17 trillion for first time
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Alvin Bragg
May 16, 2023, 6:25:03 PM5/16/23
to
On 03 Oct 2021, "Andrew Anglin - White Supremacist Pedo Boy"
<a...@ssaohell.com> posted some news:sjchs1$et0$1...@news.dns-netz.com:
> Thank Joe Biden and the Democrats. Especially that greedy whore Nancy
> Pelosi.
Americans are falling further into debt.
According to the Federal Reserve Bank of New York, household debt
reached a record $17.05 trillion in the first quarter of 2023.
The bank's report notes that the figure is now $2.9 trillion higher than
at the end of 2019, prior to the pandemic.
Americans carry most of their debt in mortgages. In the first quarter of
2023, they had more than $12 trillion in mortgage debt.
Student loans were the second-leading contributor to debt in the first
three months of the year. Americans are carrying $1.6 trillion in
student loan debt, according to the report.
SEE MORE: Social Security's cost-of-living adjustments not enough,
report finds
Auto loans were just behind student loans, with $1.56 million worth of
debt.
While not in the top three, credit card debt appears to be an increasing
issue. In the first quarter of 2023, it grew by $145 billion, second
only to the amount by which mortgage debt grew. Another concerning issue
with credit card debt is the delinquency rate. According to the report,
more than 4.5% of credit card bills were at least 90 days past due in
the first quarter of the year. That's more than in any other category.
People were less likely to fall behind on their mortgage or home equity
line of credit to begin 2023.
<https://www.10news.com/american-household-debt-reaches-17-trillion-for-
first-time>
<a...@ssaohell.com> posted some news:sjchs1$et0$1...@news.dns-netz.com:
> Thank Joe Biden and the Democrats. Especially that greedy whore Nancy
> Pelosi.
Americans are falling further into debt.
According to the Federal Reserve Bank of New York, household debt
reached a record $17.05 trillion in the first quarter of 2023.
The bank's report notes that the figure is now $2.9 trillion higher than
at the end of 2019, prior to the pandemic.
Americans carry most of their debt in mortgages. In the first quarter of
2023, they had more than $12 trillion in mortgage debt.
Student loans were the second-leading contributor to debt in the first
three months of the year. Americans are carrying $1.6 trillion in
student loan debt, according to the report.
SEE MORE: Social Security's cost-of-living adjustments not enough,
report finds
Auto loans were just behind student loans, with $1.56 million worth of
debt.
While not in the top three, credit card debt appears to be an increasing
issue. In the first quarter of 2023, it grew by $145 billion, second
only to the amount by which mortgage debt grew. Another concerning issue
with credit card debt is the delinquency rate. According to the report,
more than 4.5% of credit card bills were at least 90 days past due in
the first quarter of the year. That's more than in any other category.
People were less likely to fall behind on their mortgage or home equity
line of credit to begin 2023.
<https://www.10news.com/american-household-debt-reaches-17-trillion-for-
first-time>
Klaus Schadenfreude
May 16, 2023, 7:12:14 PM5/16/23
to
On Wed, 17 May 2023 00:21:36 +0200 (CEST), Alvin Bragg
<racist.sor...@splcenter.org> wrote:
>On 03 Oct 2021, "Andrew Anglin - White Supremacist Pedo Boy"
><a...@ssaohell.com> posted some news:sjchs1$et0$1...@news.dns-netz.com:
>
>> Thank Joe Biden and the Democrats. Especially that greedy whore Nancy
>> Pelosi.
>
>Americans are falling further into debt.
I'm at $3.99, but I just rented a video from Amazon. I hope to have it
<racist.sor...@splcenter.org> wrote:
>On 03 Oct 2021, "Andrew Anglin - White Supremacist Pedo Boy"
><a...@ssaohell.com> posted some news:sjchs1$et0$1...@news.dns-netz.com:
>
>> Thank Joe Biden and the Democrats. Especially that greedy whore Nancy
>> Pelosi.
>
>Americans are falling further into debt.
paid off next month.
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