Category: mortgage debt

Charted: U.S. Consumer Debt Approaches $16 Trillion
May 4, 2022
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by
Marcus Lu
in auto loans, consumer debt, credit card loans, Debt, economics, housing debt, Markets, Money, mortgage debt, student loans, U.S. debt
This post is by Marcus Lu from Visual Capitalist Charted: U.S. Consumer Debt Approaches $16 Trillion According to the Federal Reserve (Fed), U.S. consumer debt is approaching a record-breaking $16 trillion. Critically, the rate of increase in consumer debt for the fourth quarter of 2021 was also the highest seen since 2007. This graphic provides…