The Debt Nightmare in America Continues in 2022
Last quarter, the Center for Microeconomic Data at New York University released its Quarterly Report on Household Debt and Credit. The Report shows that total household debt has increased by $312 billion, or 2%, to $16.15 trillion in the second quarter of 2022. Balances have grown by $2 trillion since the end of 2019, before…
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