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household debt
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, 2024
BY
Rodd Mann
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, 2024
BY
Jennifer Cowan
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, 2024
BY
Michael Wilkerson
American Household Debt Soars to Record $17.5 Trillion
Delinquency rates are at their highest level since the Great Recession.
February 6, 2024
BY
Andrew Moran
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, 2024
BY
Chandra Philip
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, 2023
BY
Tom Ozimek
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, 2023
BY
Tom Ozimek
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, 2023
BY
Tom Ozimek
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, 2023
BY
The Canadian Press
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, 2023
BY
Bryan Jung
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, 2023
BY
Jane Nguyen
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, 2023
BY
Tom Ozimek
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, 2023
BY
Antonio Graceffo
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, 2022
BY
Bryan Jung
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, 2022
BY
David Stockman
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, 2022
BY
Daniel Lacalle
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, 2022
BY
Andrew Moran
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, 2022
BY
Naveen Athrappully
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, 2021
BY
The Canadian Press
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, 2020
BY
Tom Ozimek
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, 2018
BY
The Canadian Press
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, 2017
BY
The Canadian Press
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, 2016
BY
The Canadian Press
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, 2015
BY
Rahul Vaidyanath
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, 2015
BY
LeeAnn Hall
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, 2014
BY
Rahul Vaidyanath
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
NEW
By
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
2hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
3hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
5hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
5hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing–How to Enhance Its Function
6hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
10hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
11hr
By
Naveen Athrappully
How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
12hr
By
Jacob Burg
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
17hr
By
Melanie Sun