ST. LOUIS,moment. _U.
S. household debt reached a modern record of $12.8 trillion dollars in the second quarter. That’s according to the quarterly report from the Federal Reserve Bank of modern York. The last time the debt level was nearly this high was in 2008, when the U.
S. economy was mired in a recession. Peter Lazaroff, and Chief Investment Officer for Plancorp,joined us to justify. What trends enjoy caused household debt to rise to these record levels? •Rising mortgage debt, […]
Source: fox2now.com