Free Republic

Every quarter, the Federal Reserve Bank of New York releases data on how much household debt Americans are accumulating. Here’s everything you need to know about American debt in Q2 2019.TOTAL HOUSEHOLD DEBT, Q2 2019 – Total household debt level at $13.86 trillion, up 1.4% ($192 billion) from Q1– 20th consecutive quarter with increase in debt– Mortgage household debt rose by $162 billion in the second quarter to $9.4 trillion– Total mortgage debt the highest it’s been since Q3 2008– Mortgages and refis increased by $130 billion to $474 billion, the highest since Q3 2017– $17 billion increase in auto...

Kerry Claim: Families are finding it harder to make ends meet because they are struggling to keep up with mounting debt. The Truth: Low interest rates are allowing Americans to purchase a home, invest in education, and buy their first car. Federal Reserve Chairman Alan Greenspan this week pointed out that the increase in household debt reflects the increase in homeownership. (Remarks by Alan Greenspan, U.S. Senate Committee On Banking, Housing And Urban Affairs, 6/15/04)Greenspan: Debt Rising Because Of New Mortgages And New Homeowners. "So I'm not actually concerned at this point that we are looking at a really serious...