Total household debt decreased by 0.1%, or $13 billion, in the second quarter to $18.8 trillion, the Federal Reserve Bank of New York reported last week. Mortgage balances declined by $74 billion.
Tag: Debt
Achieve Survey: Americans’ Financial Trends Stable, but Challenges Remain
Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.
American Households With Record High Debt, Motley Fool Ascent Finds
American households are carrying an average of $104,215 in debt as of Q2 2024, amounting to $17.796 trillion total, Motley Fool Ascent, Alexandria, Va., found.
Investors Prefer Debt Investment During COVID-19 Era
Real estate debt investment has become more attractive relative to equity investment during the COVID-19 pandemic, institutional investors said.