Wednesday, May 17, 2017

BREAKING: U.S. household debt rises to $12.73 trillion in the first quarter, topping the record level reached in 2008

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  Household debt reaches $12.73 trillion in Q1, surpassing the record $12.68 trillion in 2008Consumers are borrowing again but the makeup of that debt is starkly different than it was at the brink of the 2008 financial crisis. While mortgages still comprise the majority of the obligations, they represent a far lower share and the rebound has been led by student and auto debt.

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