household debt

January 24, 2018

Student Loan Crisis Gets Worse

Despite some obstacles, homebuyer demand exploded in 2017, and is expected to continue to surge in 2018.  However, as Millennials enter the housing market, one factor […]
October 20, 2017

Banks Prepare for Credit Card Defaults

Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. are having a tough time paying their debt.  According to recent […]
October 18, 2017

Credit Card Delinquencies on the Rise

Credit card delinquency rose for the third straight month in September, data from JPMorgan Chase & Co. and card issuer Discover Financial Services suggested.  The data […]
May 23, 2017

Household Debt Hits New Record

Household debt is topping its 2008 peak prior to the housing crash. Total household debt has risen to $12.73 trillion in the first quarter, the Federal […]
April 17, 2017

Student Loan Debt May Have Adverse Long-Term Impact

Rising student loan debt in the United States could ultimately hurt overall home ownership and consumer spending and erode colleges’ and universities’ ability to elevate lower-income students.  New […]
March 29, 2017

Student Loan Defaults on the Rise

A new analysis of government data by the Consumer Federation of America found that the number of Americans in default on their student loans jumped by […]
February 21, 2017

Will Household Debt Hit New Record in 2017?

Americans’ debt balances rose “substantially” in the final quarter of 2016, according to the Federal Reserve Bank of New York.   Household debt totaled $12.58 trillion as […]
March 11, 2016

States With the Most Household Debt

Total U.S. household debt continued to climb in the fourth quarter of 2015. According to the Federal Reserve Bank of New York’s Quarterly Report on Household […]
November 2, 2015

Debt Collectors to Chase Down Unpaid Lunch Money

In Minnesota, Anoka-Hennepin School District officials plan to hire a collection agency to pursue approximately $160,000 in unpaid breakfast and lunch money.  Families owing more than […]