American Household Debt

American Household Debt Climbs To $16.51 Trillion

American Household Debt Climbs To $16.51 Trillion At The End Of The Third Quarter Of 2022 American household debt climbed by more than $351 billion more in debt in the third quarter.  Federal Reserve Bank of New York reported this is an increase of 2.2%. As a result, this drove overall American household debt to […]

federal reserve

Federal Reserve Goes On A Mortgage Debt Shopping Spree

Federal Reserve Goes On A “Sex & The City” Style Shopping Spree For Mortgage Debt The Federal Reserve pledged on Monday to buy unlimited amounts of Treasuries and mortgage-backed bonds to stabilize the mortgage markets. The Fed hopes it will have the same effect as when it rescued the economy in 2008. The Federal Reserve set a […]

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