Rising Consumer Debt: Cracks Are Starting To AppearRupert Hargreaves
When will rising consumer debt start holding back economic growth?
As consumer debt levels reach records, answering this question should be a priority for US policymakers if they want to stimulate the economy.
According to the latest Quarterly Report on Household Debt and Credit released today by the New York Fed’s Center for Microeconomic Data, total ousehold debt increased by $116 billion . . .
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