Household Borrowing Reaches Record $13.3 Trillion as Rising Rates Have Yet to Bite
Wall Street Journal, Aug. 14, 2018–Josh Zumbrun (subscription)
Gradually rising interest rates have yet to dent Americans’ appetite for borrowing, with the total stock of new debt climbing to $13.3 trillion in the second quarter, continuing a gradual rise in household borrowing over the past four years, the Federal Reserve Bank of New York said.
