Indebted up to the neck: Personal finances continue to decline in the United States

Debts are practically drowning those who live within the territory

By writing MiamiDiario

The most recent data from the New York Federal Reserve System (FED) showed that household debt in the United States raised $92 billion dollars between July and September this year.

This represents the growth 0.7% and stood at a total of $13.95 billion dollars.

This rising debt during the third quarter of the year reached a new record due to the weight of real estate loans. It was also the quarter number 21 in a row which ends on the rise (just over five years).

During the aforementioned period, real estate loans accounted for the bulk of the loans of citizens living in the United States, and real estate loans reached $9.44 billion dollars, which represents an increase of $31 billion compared to the previous quarter.

Information obtained from: The NY Journal

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