There are NO COMPUTER MODELS for the total financial collapse that’s coming… only HUMANS can see it New data from the Federal Reserve Bank of New York has found that credit card and auto debt delinquencies in the United States are soaring , especially among Americans aged 18 to 39.
The Household Credit Report from the New York Fed’s Center for Microeconomic Data found that aggregate household debt balances rose by $212 billion, a 1.2 percent rise from the previous quarter.
Credit card debt rose by $50 billion to a record-high of $1.13 trillion . Auto loan balances rose by $12 billion to $1.61 trillion, continuing the upward trajectory that began in the second quarter of 2020. (Related: Swelling DEBT crisis creating financial “death spiral” in America, economist warns .)
Total household debt in the U.S. has now risen to $17.5 trillion, increasing by $3.4 trillion since the end of 2019, just […]
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