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Recession in 2017? US Household Debt Will Break 2008 Records This Year

by www.ibtimes.com
While the stock market continues to set records, U.S. households are carrying levels of debt that haven't been seen since just before the Great Recession. Household debt reached nearly $12.58 trillion in the fourth quarter of 2016, the New York Federal Reserve said in a report released Friday. That's just $99 billion short of the all-time record, which was set in the third quarter of 2008. Experts expect U.S. household debt will break that mark in the coming year. 
Read Full Article On www.ibtimes.com
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