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American Debt Load Has Reached Another Record

Video Credit: Wochit - Duration: 00:33s - Published < > Embed
American Debt Load Has Reached Another Record

American Debt Load Has Reached Another Record

In the fourth quarter of 2018, the overall debt shouldered by Americans edged up to a record $13.5 trillion.

This is according to the U.S. household debt and credit report, published by the Federal Reserve Bank of New York.

American debt has risen consistently since 2013, when debt bottomed out after the last recession, says Reuters.

The closing of credit cards and other accounts jumped to its highest level since 2010.

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