US Total Household Debt Hits an All-Time High of $17 Trillion; Credit Card Debt Also Sets New Record at $1 Trillion
The upsurge in credit card debt, reaching $1 trillion for the first time played a crucial role in propelling the total household debt figures to $17 trillion , according to latest data released by the Federal Reserve Bank of New York. US Total Household Debt and its composition More than 70 percent of household debt…