Americans’ Debt Soars Near Great Recession Levels, Even as Wealth Levels Rise: Fed Data
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5 Articles
Americans’ debt soars near Great Recession levels, even as wealth levels rise: Fed data
Americans’ debt has soared near levels not seen since the wake of the Great Recession – a cause for concern even as most families have seen their wealth increase and consumer spending has remained strong, according to federal data released Friday.
The ability of American families to pay their debts on time has deteriorated over the past three years, reaching levels of [...]
The ability of American households to meet their financial obligations has worsened, as debt service delays have increased significantly in recent years, approaching levels seen since the 2008 financial crisis. According to the Federal Reserve's three-year report on the financial situation of consumers, nearly one in five households were in arrears by the end of 2025. The figure stood at close to 20%, compared with 12% in the previous 2022 surve…
The proportion of American households with loan arrears reached almost 20 per cent by the end of 2025, its highest level since 2010, although wealth and income evolved unevenly.
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