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Household Debt Drops But Pressure Remains | Salt Lake City News
Household debt in the U.S. took a rare dip last quarter, falling by $13 billion to $18.8 trillion — the first drop since before the pandemic. But don’t celebrate yet: this decline was largely due to a reporting glitch in mortgage data, not real progress. Meanwhile, credit card and auto loan balances surged, and delinquency rates climbed for mortgages and auto loans. High inflation continues to squeeze families, with rising costs for housing, food, and healthcare outpacing income growth — leaving many feeling financially stretched thinner than ever. Listen in comfort:Get a discount on a Soli…
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