U.S. Household Debt Declines When Adjusted for Inflation, Despite Record Highs

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U.S. Household Debt Declines When Adjusted for Inflation, Despite Record Highs

Data from the Federal Reserve Bank of New York, analyzed by WalletHub, shows a complex picture of U.S. household debt. While Americans owed a record-breaking $17.7 trillion in absolute terms as of Q1 2024, inflation-adjusted figures reveal a 0.8% decline in total debt compared to the previous quarter. Key findings from WalletHub’s Household Debt Report…

The post U.S. Household Debt Declines When Adjusted for Inflation, Despite Record Highs appeared first on NEW YORK TREND.

Source: Homepage - Indianapolis Recorder

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