Federal Reserve Bank of New York: Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume Since 2005
February 12, 2020
February 12, 2020
NEW YORK, Feb. 12 -- The Federal Reserve Bank of New York issued the following news release:
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- Growth Seen in New Credit Extensions Across Debt Types; Transitions into Delinquency Among Credit Card Borrowers Continue to Rise
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The Federal Reserve Bank of New York's Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $193 billion (1.4%) to $14.15 tri . . .
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- Growth Seen in New Credit Extensions Across Debt Types; Transitions into Delinquency Among Credit Card Borrowers Continue to Rise
* * *
The Federal Reserve Bank of New York's Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $193 billion (1.4%) to $14.15 tri . . .