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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

trillion, according to data from the Federal Reserve Bank of New York (NYFRB). from Q3 2022 to Q3 2023, according to the latest statistics from the Federal Reserve Bank of New York (FRBNY). Ridley, who helps clients manage debt, offered some general advice for debt management. At the start of the year, U.S.

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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

trillion, according to data from the Federal Reserve Bank of New York (NYFRB). However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. At the start of the year, U.S. household debt reached a record high of $17.3