Americans are borrowing more, creating record debt

Ryan Kailath May 18, 2017
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Americans are borrowing more, creating record debt

Ryan Kailath May 18, 2017
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The New York Federal Reserve says Americans are borrowing again — everything from student loans to auto loans to mortgages. According to the New York Fed, household debt has reached a record high, even higher than the previous peak, during the credit bubble in 2008. The report’s findings don’t mean Americans have learned to be better, smarter borrowers. They’re just different.

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