Federal Reserve Bank of New York
The Weird Economy (Lance Turner Editor’s Note)
Retailers and small businesses navigate a slower holiday shopping season. read more >
by Lance Turner -
U.S. Household Debt Reaches $13.67 Trillion
Household debt in the United States rose for the 19th straight quarter, reaching $13.67 trillion as of March 31. It’s now 7.8% or $993 billion higher than the previous peak of $12.68 trillion, reached in the third quarter of 2008. read more >
U.S. Household Debt Reaches $13.29T
Total household debt in the United States rose to $13.29 trillion in the second quarter of 2018, a 0.6 percent increase from the first quarter. It’s the 16th straight quarter that debt has increased. read more >
U.S. Household Debt Passes 2008 Peak
Household debt in the United States reached $12.73 trillion in the first quarter of 2017, finally surpassing its $12.68 trillion peak reached in the third quarter of 2008, the height of the financial crisis. read more >
Total Student Loan Debt Reached $1.3 Trillion in 2016
Student loan debt hit $1.3 trillion by the end of 2016, an increase of 170 percent over debt totals in 2006, the Federal Reserve Bank of New York reported earlier this year. read more >