Household debt skyrocketed to nearly $17 trillion last quarter
Americans continue to add to their debt — and grew their credit card balances at record rates. That’s just not sustainable, an expert says.
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debt
Household balance sheets show signs of weakening, as US consumers borrowed $28B in November
American consumers increased their borrowing by $28 billion in November, a new report shows, despite the cost of borrowing increasing last year.
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Report: Consumer debt soars in North Carolina. Is that good or bad news?
Consumer credit card debt increased at a record level in the second quarter of 2021, a study found. But is increased spending–and financing those purchases–a bad thing or a good thing?
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Three-quarters of small business owners took on debt to offset COVID-19 losses
The LendingTree survey, the largest online market lending place in the U.S., polled 1,400 small business owners and found that 74% had taken on debt to deal with losses incurred during the pandemic.
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