US EditionHousehold Debt Reaches $18.2 Trillion as Student Loan Delinquencies Trigger Credit Score Plunge
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Household Debt Reaches $18.2 Trillion as Student Loan Delinquencies Trigger Credit Score Plunge
Written By Stacy M. Brown Black Press USA Senior National Correspondent The Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit reveals a sharp rise in total household debt, reaching $18.20 trillion in the first quarter of 2025. While some categories of debt, such as credit card and auto loans, experienced modest declines, student loan balances jumped by $16 billion to $1.63 trillion, with a notable surge in d…
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