The total amount of US household debt in the third quarter reached a record 13.5 trillion dollars, an increase of 1.6%. The amount of debt is 65% of US GDP. This was announced by the Federal Reserve Bank of New York, noting that the growth rate in this period was the most significant since 2017. The growth rate has been noted for 17 consecutive quarters amid a rise in mortgage lending for the population. In the third quarter, the amount of car outstandings increased by $9 billion, also reaching a record of 1 trillion 240 billion dollars. US citizens increased credit card debt by $15 billion to $844 billion.
Fed balance sheet rises $5 trillion for the first time since financial crisis26.03.2020
Singapore prepares for recession as virus-hit economy drops in first quarter26.03.2020
Gold prices drop as U.S. congress concludes deal on $2 trillion stimulus package25.03.2020
$2 trillion fiscal stimulus drives dollar lower