3Q2020 Household Debt Shows Consumer Debt Back on the Rise after Second Quarter Dip
from the New York Fed
The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $87 billion (0.6%) to $14.35 trillion in the third quarter of 2020. The increase more than offset the decline seen in the second quarter of 2020 as total household debt has surpassed its 2020Q1 reading.
Source: http://econintersect.com/pages/releases/release.php?post=202012010550
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