US household debt soared to all-time high of $17.05 trillion in Q1 2023, thanks to the Fed’s relentless rate increases

US household debt soared to all-time high of $17.05 trillion in Q1 2023, thanks to the Fed’s relentless rate increases

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(Natural News) Total American consumer debt hit an all-time high of more than $17 trillion in the first quarter of 2023, according to a report from the Federal Reserve Bank of New York.The total debt across all categories hit $17.05 trillion. This represents a $148 billion increase or 0.9 percent from the previous quarter and a $1.2 … [Read More...]

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