New York Fed Credit Report Demolishes Myth of Strong Consumer Balance Sheet
by Mish Shedlock, Mish Talk: Credit card usage surged $46 billion in the second quarter as consumers struggle to maintain their standard of living, Please consider the New York Fed Household Debt and Credit Report for 2022 Q2. Total household debt rose $312 billion, or 2 percent, in the second quarter of 2022 to reach $16.15 […]
Source: https://www.sgtreport.com/2022/08/new-york-fed-credit-report-demolishes-myth-of-strong-consumer-balance-sheet/
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