Consumer debt

Consumer debt levels have been rising. While wage gains have helped people pay off debt, those gains have been slowing down.

Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.

Their debt levels are rising as the holiday shopping season ramps up. It helps that unemployment is low.

Credit card debt was down by $76 billion in the second quarter, the steepest decline in card balances since tracking started.

The U.S. Commerce Department delivered new evidence on Friday that the American consumer is helping to fuel economic growth.

A new report from the Federal Reserve finds the net worth of American households and nonprofits reached almost $109 trillion.

A recent survey points out that one in 10 millennials thinks they will die in debt. Click the audio player above to hear the full story.

The total debt carried by Americans has reached yet another record high — $13.5 trillion in the last quarter, according to the Federal Reserve Bank of New York. Household debt is now $837 billion higher than its previous peak in 2008. What’s behind rising household debt, and is it something to be concerned about, especially […]