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Understanding the Surge in Household Debt with Andrew Arons #5943
🔔Andrew Arons and I discuss the impact ofthe Federal Reserve Bank of New York's latest findings on household debt for Q3 2023. Let's take a deep dive into what this means for us. If you're following the economy, managing debt, or just curious about the nation's financial health, this interview is crucial viewing. 📈 📝 Report Highlights:
Total Household Debt: Skyrocketed to a staggering $17.29 trillion
Mortgage Debt: Climbed by $126 billion, reaching $12.14 trillion
Credit Card Debt: Jumped $48 billion, a 4.7% quarterly increase
Student Loan Debt: Grew by $30 billion, now at $1.6 trillion
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