U.S. household debt rises for 21st quarter, lifted by mortgages

U.S. HOUSEHOLD debt totaled $13.95 trillion at then end of the third quarter of 2019, $1.3 trillion over its previous peak in 2008. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
U.S. HOUSEHOLD debt totaled $13.95 trillion at then end of the third quarter of 2019, $1.3 trillion over its previous peak in 2008. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
WASHINGTON – Americans increased their borrowing for the 21st 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 $92 billion, or 0.7%, to $13.95 trillion in the third quarter,…

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