U.S. household debt hit record $13T last quarter

(Worthy News) – Household debt in the United States reached a record $13 trillion in the third quarter, and rose for the 13th consecutive quarter, officials said Tuesday..

A report by the New York Federal Reserve’s Center for Microeconomic Data on household debt and credit showed the figures. It’s based on data from the agency’s Consumer Credit Panel and credit ratings firm Equifax.

The third quarter statistic was $280 billion above the previous record for the period (2008). [ Source: UPI (Read More…) ]