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News & Articles By Oliver Young
02/22/2023
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By Oliver Young
US household debt hits record $16.9 trillion amid persistent inflation
The Federal Reserve’s Quarterly Report on Household Debt and Credit shows how much American households are struggling to cope with incessant inflation. According to the latest edition of the report, total U.S. household debt hit a record $16.9 trillion during the fourth quarter last year – a 2.4 percent increase from the previous quarter, which is equivalent to […]
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