American households see increasingly heavier debt burden

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DKN 13.12.2019. 05:52

American households see increasingly heavier debt burden

The aggregate household debt balances in the U.S. increased to a record high of $13.95 trillion, or 73 percent of the country’s GDP, in the third quarter of 2019, said a recent report released by the Federal Reserve Bank of New York. Mortgage balances accounted for 2/3 of the total household debt b»»»

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