U.S. Household Debt up $193 Billion

Mony
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U.S. household debt rose for the 14th straight quarter in the final three months of 2017, pushing further into record territory as confident Americans added to mortgage loans and credit-card balances.

The Federal Reserve Bank of New York said Tuesday that household debt rose by $193 billion to $13.15 trillion last quarter, completing the fifth straight year overall balances increased. Total debt was the most on record, though the figure wasn’t adjusted for inflation or population growth.

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