Posts Tagged ‘level of household debt’

After steadily declining for 19 straight quarters, total consumer debt increased in the past two quarters for the first time since 2008! Household debt grew by $130 billion in Q3 and by $241 billion in Q4. However, overall consumer debt remains 9.1% below its all-time high of $12.68 trillion in Q3 2008. Household deleveraging is…