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USA's households' debt reaches record of $13.1 trillion

The borrowing of the people increased by 572 billion dollars in 2017 and rose to 13 trillion 148 billion dollars.

USA's households' debt reaches record of $13.1 trillion

The borrowing of the people increased by 572 billion dollars in 2017 and rose to 13 trillion 148 billion dollars.

14 February 2018 Wednesday 12:11
USA's households' debt reaches record of $13.1 trillion

In the US, households' debt reached a record level of $ 13.1 trillion. The most borrowed area of ​​the people was the housing loans. The credit card debt in the country has also reached the summit of 9 years.

In the United States, citizens have reached the highest level of debt history.

The borrowing of the people increased by 572 billion dollars in 2017 and rose to 13 trillion 148 billion dollars.

After the 2009 crisis, the household loan credit, which declined by $ 1.5 trillion in four years until 2013, rose $ 2 trillion over the next four years.

MOST CREDIT RESERVED

The area where the American people use the most loans is housing. Mortgage loans amounted to 8 trillion 882 billion dollars, accounting for 67 percent of total loans.

Mortgage lending saw its historic summit with $ 9.3 trillion in the third quarter of 2008. In 2009, the housing crisis had also fallen at the beginning of the crisis.

The other two areas where citizens are most indebted are student loans and automobile loans.

Student loans amounted to 1 trillion 378 billion dollars and automobile loans amounted to 1 trillion 221 billion dollars.

CREDIT DISTRIBUTED IN PUBLIC FINANCE 9 YEARS

The credit card debt in the US has reached the highest level of 9 years with 834 billion dollars.

The rate of those who delayed their debts more than 90 days was 2.33 percent, the lowest level in the last 11 years.

Azania Post

Updated: 14.02.2018 12:42
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