According to the G.19 Consumer Credit Report recently released by the Federal Reserve, America’s total student loan debt has topped $1.5 billion – and we are having trouble paying off that debt. At of the end of 2017, a whopping 11 percent of student loans were either ninety days delinquent or in default. Read More
A new government report provides both good news and bad news about America’s massive consumer debt load.
The bad news: America’s total consumer debt continues to rise.
According to May’s G.19 Consumer Credit Report from the Federal Reserve, combined (revolving and nonrevolving) outstanding debt rose by $11.7 billion in March to reach $3.875 trillion – continuing a string of monthly debt increases that goes back to January 2016.
The March increase equates to a 3.6 percent annualized debt growth. Read More
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