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household debt

  • Debt: The Great Reckoning
    Debt: The Great Reckoning
    America is awash in debt. U.S. national debt has surpassed $35 trillion. This translates to approximately $93,500 per American. National debt today is at levels comparable to those seen during ...
    August 16, 2024BY Rodd Mann
  • Canada Household Debt Ratio Surpasses Levels in Other G7 Countries
    Canada Household Debt Ratio Surpasses Levels in Other G7 Countries
    Canada has the highest household debt to disposable income level of any G7 country, according to newly released ...
    February 29, 2024BY Jennifer Cowan
  • American Households Are Entering a Debt Trap
    American Households Are Entering a Debt Trap
    Commentary American households seem to have short financial memories. Not having learned—or perhaps just not remembering—the lessons of ...
    February 13, 2024BY Michael Wilkerson
  • American Household Debt Soars to Record $17.5 Trillion
    American Household Debt Soars to Record $17.5 Trillion
    Delinquency rates are at their highest level since the Great Recession.
    February 6, 2024BY Andrew Moran
  • Finance Minister Proposes 60 Percent Interest Rate Remain for Pawn Loans
    Finance Minister Proposes 60 Percent Interest Rate Remain for Pawn Loans
    Finance Minister Chrystia Freeland has proposed that pawnbrokers be allowed to continue to charge 60 percent interest on ...
    January 3, 2024BY Chandra Philip
  • Credit Card Debt Hits Record High, Delinquencies Push Higher as Stretched Consumers Borrow to Spend
    Credit Card Debt Hits Record High, Delinquencies Push Higher as Stretched Consumers Borrow to Spend
    A report from the Federal Reserve shows household debt levels have climbed to all-time highs, led by a ...
    November 7, 2023BY Tom Ozimek
  • ANALYSIS: Impact of Fed Interest-Rate Hikes on Household Debt
    ANALYSIS: Impact of Fed Interest-Rate Hikes on Household Debt
    Here's a look at the impact of the Federal Reserve's series of interest rate hikes on U.S. household ...
    October 11, 2023BY Tom Ozimek
  • Americans Inch Closer to Debt Level ‘Breaking Point’ as Household Borrowing Tops $17 Trillion
    Americans Inch Closer to Debt Level ‘Breaking Point’ as Household Borrowing Tops $17 Trillion
    With Federal Reserve data showing household debt climbing above $17 trillion, the average American household is just over ...
    August 8, 2023BY Tom Ozimek
  • Statistics Canada Says Household Debt-to-Income Ratio up in Q1
    Statistics Canada Says Household Debt-to-Income Ratio up in Q1
    Statistics Canada says the amount Canadians owe relative to their income rose in the first quarter of the ...
    June 14, 2023BY The Canadian Press
  • American Consumer Credit Growth Last Month Rose to Its Fastest Pace Since November
    American Consumer Credit Growth Last Month Rose to Its Fastest Pace Since November
    U.S. consumer credit growth accelerated in April to the fastest pace since November 2022, according to recent data ...
    June 8, 2023BY Bryan Jung
  • American Household Debt Surpasses $17 Trillion for the First Time
    American Household Debt Surpasses $17 Trillion for the First Time
    Americans’ household debt surpassed a historic $17 trillion for the first time ever, the Federal Reserve Bank of ...
    May 18, 2023BY Jane Nguyen
  • Household Debt Jumps by Greatest Amount in 2 Decades to Record $16.9 Trillion
    Household Debt Jumps by Greatest Amount in 2 Decades to Record $16.9 Trillion
    Americans are borrowing like never before, according to a new report from the Federal Reserve that revealed U.S. ...
    February 16, 2023BY Tom Ozimek
  • US Household Debt Is Staggering
    US Household Debt Is Staggering
    Commentary U.S. household debt increased by 15.2 percent last year and now stands at 36 percent of the ...
    January 19, 2023BY Antonio Graceffo
  • Household Debt Sees Biggest Jump In 15 Years As Americans Rely More On Credit Amid Soaring Inflation
    Household Debt Sees Biggest Jump In 15 Years As Americans Rely More On Credit Amid Soaring Inflation
    American households saw their debt jump the most in 15 years in the third quarter, due to a ...
    November 15, 2022BY Bryan Jung
  • Here Is What Stagflation Looks Like
    Here Is What Stagflation Looks Like
    Commentary Yes, we have some stagflation. Subsequent to the pre-COVID peak in Q4 2019, real final sales of ...
    August 4, 2022BY David Stockman
  • U.S. Household Saving Rate Vanishes, Credit Card Debt Soars
    U.S. Household Saving Rate Vanishes, Credit Card Debt Soars
    Commentary The U.S. consumption figure seems robust. A 0.9 percent rise in personal spending in April looks good ...
    May 30, 2022BY Daniel Lacalle
  • US Household Debt Hits Fresh Record High of Nearly $16 Trillion, NY Fed Says
    US Household Debt Hits Fresh Record High of Nearly $16 Trillion, NY Fed Says
    Total U.S. household debt surged to a fresh all-time high of nearly $16 trillion to kick off 2022, ...
    May 11, 2022BY Andrew Moran
  • Americans’ Household Debt Hit Nearly $16 Trillion in Q1 2022
    Americans’ Household Debt Hit Nearly $16 Trillion in Q1 2022
    Household debt in the United States increased in the first quarter of 2022, reaching $15.84 trillion despite rising ...
    May 11, 2022BY Naveen Athrappully
  • Bank of Canada Warns of Rising Risks From Household Debt, and a Hot Housing Market
    Bank of Canada Warns of Rising Risks From Household Debt, and a Hot Housing Market
    OTTAWA—The Bank of Canada says its concerns are mounting that households are piling on too much debt and ...
    May 20, 2021BY The Canadian Press
  • Household Debt Hits Record High of $14.1 Trillion
    Household Debt Hits Record High of $14.1 Trillion
    U.S. household debt set a new record in the final quarter of 2019, the Federal Reserve Bank of New ...
    February 11, 2020BY Tom Ozimek
  • Canadians Household Debt Hits $1.8 Trillion, Agencies Issue Domestic Risk Warnings
    Canadians Household Debt Hits $1.8 Trillion, Agencies Issue Domestic Risk Warnings
    TORONTO—Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning ...
    March 13, 2018BY The Canadian Press
  • Canadian Household Debt Hits Another Record in Fourth Quarter
    Canadian Household Debt Hits Another Record in Fourth Quarter
    OTTAWA—The amount Canadians owe compared with how much they earn hit another record high last year. Statistics Canada ...
    March 15, 2017BY The Canadian Press
  • Canadians’ Debt Keeps Rising as Wealth Grows
    Canadians’ Debt Keeps Rising as Wealth Grows
    OTTAWA—Canadians owe $1.67 in credit market debt—mortgages, other loans, and consumer credit—for every dollar of disposable income. Statistics ...
    December 14, 2016BY The Canadian Press
  • Canadian Household Leverage, Credit Growth Slowly Easing
    Canadian Household Leverage, Credit Growth Slowly Easing
    As far as the high level of Canadian household debt goes, the Bank of Canada’s surprise rate cut ...
    July 1, 2015BY Rahul Vaidyanath
  • Household Debt Is a National Crisis
    Household Debt Is a National Crisis
    Years after Toni Potter’s husband died from pancreatic cancer, debt collectors in her state of Washington were still ...
    March 27, 2015BY LeeAnn Hall
  • Canadian Households’ Elevated Debt Levels a Key Financial Stability Risk
    Canadian Households’ Elevated Debt Levels a Key Financial Stability Risk
    The Bank of Canada again sounded the warning of elevated household debt levels in its latest Financial System ...
    December 10, 2014BY Rahul Vaidyanath
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