US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High

[danielpalos]

No raise for federal civilian workers should have been a clue.

The Best, Tax Cut economics can do.

 

[Meathead]

'Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.'

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High


Not good.

So every househod has a debt of $13.5 trillion? Sounds like very serious stuff.

 

[HereWeGoAgain]

LOL...only idiots have huge household debt.
We dont owe shit that we cant pay for,we havent had a house payment for damn near thirty years and we just entered our fifties.

 

[danielpalos]

'Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.'

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High


Not good.

So every househod has a debt of $13.5 trillion? Sounds like very serious stuff.

tax cut economics, at work:
U.S. National Debt Clock : Real Time

 

[McRocket]

'Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.'

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High


Not good.

So every househod has a debt of $13.5 trillion? Sounds like very serious stuff.

You honestly do not realize that 'household debt' refers to the total debt of U.S. 'househod's?

Even if you are joking, obviously that was your first thought because I have NEVER heard anyone, ever refer to it that way.

Trumpbots...

 

[McRocket]

'Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.'

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High


Not good.

So every househod has a debt of $13.5 trillion? Sounds like very serious stuff.

tax cut economics, at work:
U.S. National Debt Clock : Real Time

Ummm...that is government debt.

Has nothing to do with the topic.

Again, Trumpbots....

 

[boedicca]

'Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.'

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High


Not good.

$9.1T of that is for home mortgages - that is not a crisis unless people cannot afford to repay.

The real issue is Student Loan debt. In 2008, the total was $600B, it is now $1.5T. This $900B increase accounts for the entire increase in household debt over the past decade.

So instead of moaning about overall household debt, how about addressing the real problem: The Obabble Admin's collusion with higher education to saddle clueless students with massive amounts of debt for "indoctrination" credentials with no real market value.

 

[danielpalos]

'Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.'

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High


Not good.

So every househod has a debt of $13.5 trillion? Sounds like very serious stuff.

tax cut economics, at work:
U.S. National Debt Clock : Real Time

Ummm...that is government debt.

Has nothing to do with the topic.

Again, Trumpbots....

Did you read the relevant charts? debt per citizen and debt per taxpayer are included.

 

[harmonica]

Trump/whites fault
that's all we ever hear