Tag
credit card debt
San Francisco Fed Warns That Americans Are Running Out of Excess Savings This Quarter
San Francisco Fed Warns That Americans Are Depleting Pandemic-Era Savings
More Americans Are Making Withdrawals From Their 401(k)s as Inflation Hits Households
Americans Are Increasingly Making 401 (k) Withdrawals Due To Debts
Americans Inch Closer to Debt Level 'Breaking Point' as Household Borrowing Tops $17 Trillion
With Federal Reserve data showing household debt climbing above $17 trillion, the average American household is just over $14,000 away from reaching a "breaking point" at which it will be unable to continue paying off loans, according to a study by WalletHub.
