U.S. household borrowing rose $334 billion from the previous quarter to more than $19 trillion in the third quarter, the New York Fed said. The share of debt in delinquency climbed to 5%, while credit card debt reached a record $1.29 trillion. CNBC reported that high prices were straining household budgets as consumers used credit cards to make ends meet.
Reporting from 2 identified publishers across this event arc.
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
Page 2 of 22025
Same format. Every time.
Continue reading — sign in or create a free account with
