Household Debt

Column Published in syndication September 27, 2023

Household debt in the United States is at an all-time high - more than $17 trillion. Of that amount, the lion's share, almost $12.4 trillion, is for housing, and credit card obligations recently topped $1 trillion. These are big numbers, and they are rising. The question is whether they are a cause for concern. The short answer is "not really" given current conditions, though there are some underlying issues which bear watching.

• Tags:
• credit card debt,
• household debt,
• auto loans