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Should We Worry About Record-High Household Debt?

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20.02.2020

Household net worth as a percentage of disposable income is near its post-WWII peak. pic.twitter.com/kFEowA14ZA

— Michael R. Strain (@MichaelRStrain) February 18, 2020

A report from the Federal Reserve Bank of New York finds that household debt balances have hit a record high. I summarize it in my latest Bloomberg column.

Household debt totaled $14.2 trillion in the fourth quarter of 2019. Overall last year,........

© National Review