Federal Reserve Bank of New York: Total Household Debt Increased in Q3 2020, Led by Surge in New Credit Extensions
November 18, 2020
November 18, 2020
NEW YORK, Nov. 18 -- The Federal Reserve Bank of New York issued the following news release on Nov. 17:
The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $87 billion (0.6%) to $14.35 trillion in the third quarter of 2020. The increase more than offset the decline seen in the second quarter of 2020 as total household debt has surpassed its 2020Q1 readi . . .
The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $87 billion (0.6%) to $14.35 trillion in the third quarter of 2020. The increase more than offset the decline seen in the second quarter of 2020 as total household debt has surpassed its 2020Q1 readi . . .