Less Consumer Spending Leads To Big Household-Debt Decline

Total household debt decreased for the first time since 2014 in Q2, including the steepest decline in credit card balances seen in the history of the data. In its Quarterly Report on Household Debt and Credit, The Federal Reserve Bank of New York’s Center for Microeconomic Data showed total household debt decreased by $34 billion (0.2%) …

The post Less Consumer Spending Leads To Big Household-Debt Decline appeared first on theMReport.com.

 

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Tags used in this real estate lawyer news blog post:
#Closing #Attorney #Boston #ClosingAttorney #ma #RealEstate #HomeBuying #Attorney #Lawyer #Law

Article From: "Christina Hughes Babb"   Read full article

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