At just under $36 trillion, or over $270,000 per household, the national debt has become America’s second mortgage. Though often mistakenly viewed as simply a burden on future generations ...
As debt levels rose, so did troubled borrowing. The New York Fed said borrowing that was in some form of delinquency during the last quarter rose to 3.5% of the outstanding debt during the third ...
NEW YORK, Nov 13 (Reuters) - Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the New York Federal Reserve ...