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Hace 10 horas · Overall household debt grew by 1.1% during the first quarter to $17.69 trillion, according to data that is not adjusted for inflation. The quarterly increase was driven largely by mortgage balances.
Hace 1 día · Delinquency transition rates increased for all debt types. Annualized, approximately 8.9% of credit card balances and 7.9% of auto loans transitioned into delinquency. Delinquency transition rates for mortgages increased by 0.3 percentage points yet remain low by historic standards. Household Debt and Credit Developments as of Q1 2024
Hace 5 días · America’s national debt now exceeds $34 trillion. The budget deficit–inflated by having to pay interest on all that debt–has averaged 9% of GDP over the past five years. Does that spending ...
Hace 3 días · The COVID-19 pandemic is pushing debt levels to new heights. The pandemic is adding to spending needs as countries seek to mitigate the health and economic effects of the crisis, while revenues are falling due to lower growth and trade, together raising debt burdens. Some vulnerable countries are also facing higher financing costs or have very ...
Hace 3 días · This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private ...
Hace 3 días · America’s debt tops $34 trillion, but a commission to address it appears dead in Congress. Speaker of the House Mike Johnson, R-La., speaks during a news conference at the Capitol in Washington, May 7, 2024. A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal ...
Hace 1 día · Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says. The US will keep growing for several quarters, but 2025 will see a hard landing, Apollo's Torsten Slok told ...
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