Americans In More Debt Than Ever Before
- 3 years ago
Americans In , More Debt, Than Ever Before.
According to CNN, American's
debt have risen to an all-time high. .
The Federal Reserve Bank of New York says between July and September, household
debt in the US rose to $15.24 trillion.
Mortgages make up the majority
of debt in the United States.
They rose $230 billion last quarter.
Credit card balances
went up by $17 billion.
$123 billion less than the last generated pre-pandemic statistics.
Student and Auto loan balances have increased exponentially as well.
Student and Auto loan balances have increased exponentially as well.
Economists say in spite of inflation making goods more expensive, Americans continue to spend.
Economists say in spite of inflation making goods more expensive, Americans continue to spend.
Issues in the global supply chain
have created this price disparity.
Issues in the global supply chain
have created this price disparity.
Experts say consumer
demand is through the roof.
Inflation data published November 9 shows manufacturers raised
prices 0.6% in October. .
Inflation data published November 9 shows manufacturers raised
prices 0.6% in October. .
Experts attribute this price
increase to higher energy costs.
Economists say that businesses won't
absorb this price increase much longer.
The burden will find the consumer.
Economists say that businesses won't
absorb this price increase much longer.
The burden will find the consumer
According to CNN, American's
debt have risen to an all-time high. .
The Federal Reserve Bank of New York says between July and September, household
debt in the US rose to $15.24 trillion.
Mortgages make up the majority
of debt in the United States.
They rose $230 billion last quarter.
Credit card balances
went up by $17 billion.
$123 billion less than the last generated pre-pandemic statistics.
Student and Auto loan balances have increased exponentially as well.
Student and Auto loan balances have increased exponentially as well.
Economists say in spite of inflation making goods more expensive, Americans continue to spend.
Economists say in spite of inflation making goods more expensive, Americans continue to spend.
Issues in the global supply chain
have created this price disparity.
Issues in the global supply chain
have created this price disparity.
Experts say consumer
demand is through the roof.
Inflation data published November 9 shows manufacturers raised
prices 0.6% in October. .
Inflation data published November 9 shows manufacturers raised
prices 0.6% in October. .
Experts attribute this price
increase to higher energy costs.
Economists say that businesses won't
absorb this price increase much longer.
The burden will find the consumer.
Economists say that businesses won't
absorb this price increase much longer.
The burden will find the consumer