US household debt climbed to a new record of $15.24 trillion last quarter

Between July and September, US household debt climbed to a new record of $15.24 trillion, the Federal Reserve Bank of New York said Tuesday.

It was an increase of 1.9%, or $ $286 billion, from the second quarter of the year.

“As pandemic relief efforts wind down, we are beginning to see the reversal of some of the credit card balance trends seen…

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