Hezhong Society: Under inflation, more and more Americans rely on borrowing money for non -housing debt in 2016, the highest increase in 2016

Author:China Well -off Time:2022.08.04

China Well -off. August 3rd. The 2022 report of the Federal Reserve Bank of Laoma New York showed that the number of household debt in the second quarter increased by 2%, partly because the balance of credit cards increased by more than 20 years.

With the rise of commodity prices, Americans are more and more dependent on credit cards

UPI reported that the overall family debt increased by $ 31.1 billion, reaching US $ 16.15 trillion, which was $ 2 trillion before the end of 2019 and COVID-19.

By the end of June, US consumers' mortgage debt increased the largest increase, reaching US $ 207 billion, a total of $ 11.39 trillion.In non -housing debt, student loans increased from 1.58 trillion US dollars in the first quarter of 2022 to $ 1.59 trillion; car loans increased from US $ 1.47 trillion to $ 1.5 trillion; credit card debt increased from US $ 840 billion to 890 billionUS dollars; all other debt, including retail cards and other loans, increased from US $ 450 billion to $ 470 billion.

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