Federal Reserve Warns Of Biggest Jump In 22 Years #shorts

Federal Reserve Warns Of Biggest Jump In 22 Years #shorts

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#personal #debt #debt #financial #crisis #economy #inflation #food #costs #biden #news #business #politics

The Epoch Times reports, the Federal Reserve published a report detailing U.S. household debt swelled to a record $16.9 trillion in the final quarter of 2022, the largest quarterly increase in 20 years. According to the Federal Reserve Bank of New York's latest Quarterly Report on Household Debt and Credit, released on Feb. 16, total household debt balances increased by $394 billion in the fourth quarter.

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