Household debt is dangerously close to 2008 levels
Posted: Fri Feb 17, 2017 10:35 am
CNN Money - 2/16/2017 - Kathryn Vasel - Americans are taking on a lot more debt. Total household debt climbed to $12.58 trillion at the end of 2016, an increase of $266 billion from the third quarter, according to a report from the Federal Reserve Bank of New York. For the year, household debt ballooned by $460 billion -- the largest increase in almost a decade. That means the debt loads of Americans are flirting with 2008 levels, when total consumer debt reached a record high of $12.68 trillion. Read more @ http://money.cnn.com/2017/02/16/pf/amer ... ?iid=SF_LN