Largest Increase in Household Debt in Four Years
Household debt rose at a seasonally-adjusted annual rate of 1¼ percent in the second quarter, according to the Federal Reserve Flow of Funds Report released Thursday. This was the largest increase...
View ArticleHouseholds Cutting Debt, Increasing Net Worth
The latest Flow of Funds Report from the Federal Reserve points to several positive economic trends. Household net worth rose by $1.7 trillion to $64.77 trillion. This was a 2.7 percent increase and...
View ArticleHousehold Net Worth Reaches Record $77.3 Trillion
Household net worth hit a record high of $77.3 trillion at the end of the third quarter, according to the Federal Reserve’s Financial Accounts of the United States. This was an increase of $1.92...
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