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US household debt jumps to $16.5 TRILLION - an increase of 8.3% in the fastest rise since 2008 - as inflation pushes Americans to tap lines of credit to afford rising prices.

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  • US household debt jumps to $16.5 TRILLION - an increase of 8.3% in the fastest rise since 2008 - as inflation pushes Americans to tap lines of credit to afford rising prices.

    Inflation is crazy these days. 16.5 Trillion that is a unreal amount of debt.

    Total household borrowing reached $16.51 trillion in the third quarter, a $351 billion increase from the prior quarter and 8.3 percent jump from a year ago, the fastest annual increase in 14 years.
  • #2

    Originally posted by jboldeniv View Post
    Inflation is crazy these days. 16.5 Trillion that is a unreal amount of debt.
    I've started looking for credit too bc I bracing for the worse

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    • #3

      Originally posted by jasondreamweaver View Post

      I've started looking for credit too bc I bracing for the worse
      I hear you bruh.

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