U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes – NY Fed
U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise was the smallest in a year and new mortgage and auto loan originations declined for a third straight quarter. The Federal Reserve Bank of New York’s quarterly household debt report… Read More »