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THE MOST IMPORTANT NEWS - HOUSEHOLD DEBT IS DANGEROUSLY CLOSE TO 2008 LEVELS EmptySun 29 Aug 2021, 22:15 by Jude

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THE MOST IMPORTANT NEWS - HOUSEHOLD DEBT IS DANGEROUSLY CLOSE TO 2008 LEVELS

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THE MOST IMPORTANT NEWS - HOUSEHOLD DEBT IS DANGEROUSLY CLOSE TO 2008 LEVELS Empty THE MOST IMPORTANT NEWS - HOUSEHOLD DEBT IS DANGEROUSLY CLOSE TO 2008 LEVELS

Post  Jude Fri 17 Feb 2017, 03:22

THE MOST IMPORTANT NEWS - HOUSEHOLD DEBT IS DANGEROUSLY CLOSE TO 2008 LEVELS Debt-p10

Household debt is dangerously close to 2008 levels

BY MICHAEL ON FEBRUARY 16, 2017

Total household debt climbed to $12.58 trillion at the end of 2016, an increase of $266 billion from the third quarter, according to a report from the Federal Reserve Bank of New York.

For the year, household debt ballooned by $460 billion — the largest increase in almost a decade.

That means the debt loads of Americans are flirting with 2008 levels, when total consumer debt reached a record high of $12.68 trillion.

(Read the rest of the story here… http://themostimportantnews.com/archives/household-debt-is-dangerously-close-to-2008-levels )
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