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   soc.retirement      For seniors: retirement, aging, geronto      157,026 messages   

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   Message 156,663 of 157,026   
   Alvin Bragg to All   
   Re: American household debt reaches $17    
   17 May 23 00:21:36   
   
   XPost: alt.fan.rush-limbaugh, alt.social-security-disability, sac.politics   
   XPost: talk.politics.guns   
   From: racist.soros.cultist@splcenter.org   
      
   On 03 Oct 2021, "Andrew Anglin - White Supremacist Pedo Boy"   
    posted some news:sjchs1$et0$12@news.dns-netz.com:   
      
   > Thank Joe Biden and the Democrats.  Especially that greedy whore Nancy   
   > Pelosi.   
      
   Americans are falling further into debt.   
      
   According to the Federal Reserve Bank of New York, household debt   
   reached a record $17.05 trillion in the first quarter of 2023.   
      
   The bank's report notes that the figure is now $2.9 trillion higher than   
   at the end of 2019, prior to the pandemic.   
      
   Americans carry most of their debt in mortgages. In the first quarter of   
   2023, they had more than $12 trillion in mortgage debt.   
      
   Student loans were the second-leading contributor to debt in the first   
   three months of the year. Americans are carrying $1.6 trillion in   
   student loan debt, according to the report.   
      
   SEE MORE: Social Security's cost-of-living adjustments not enough,   
   report finds   
      
   Auto loans were just behind student loans, with $1.56 million worth of   
   debt.   
      
   While not in the top three, credit card debt appears to be an increasing   
   issue. In the first quarter of 2023, it grew by $145 billion, second   
   only to the amount by which mortgage debt grew. Another concerning issue   
   with credit card debt is the delinquency rate. According to the report,   
   more than 4.5% of credit card bills were at least 90 days past due in   
   the first quarter of the year. That's more than in any other category.   
      
   People were less likely to fall behind on their mortgage or home equity   
   line of credit to begin 2023.   
      
      
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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