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New York Fed offers snapshot of Q4 debt trends
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Banking
Tuesday, February 13, 2024
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The Federal Reserve Bank of New York released its Quarterly Household Debt and Credit Report for the fourth quarter of 2023, offering a snapshot of trends in consumer borrowing habits and total household debt.
The report indicated that total household debt reached $17 trillion for the quarter and broke down data about mortgages, student loans, credit cards and auto loans as of the end of 2023.
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