U.S. household debt exceeds $14 trillion for the first time

TOTAL U.S. household debt rose by $601 billion in the fourth quarter from a year earlier eclipsing $14 trillion. / BLOOMBERG NEWS
TOTAL U.S. household debt rose by $601 billion in the fourth quarter from a year earlier eclipsing $14 trillion. / BLOOMBERG NEWS
WASHINGTON – Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released today from the Federal Reserve Bank of New York. Total United States household debt rose by $601 billion in the fourth quarter from a year earlier,…

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