Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates - CNBC

Household debt climbed past $16 trillion in the second quarter, as soaring inflation pushed up housing and auto balances.

Household debt climbed past $16 trillion in the second quarter for the first time, as soaring inflation pushed up housing and auto balances, the New York Federal Reserve reported Tuesday. The collec… [+2382 chars]

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