Mortgage delinquencies double
Top news right now: American households have accumulated nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession. Mortgage debt has now surpassed $12.0 trillion, while student and automotive debt are each $1.6 trillion. Credit card debt is nearing $1.0 trillion. Delinquencies for mortgage, auto, and credit card debt have all risen over the past year, with some doubling. High mortgage rates, caused by actions from the Federal Reserve meant to combat inflation, have decreased affordability for potential homebuyers. Wage increases have failed to keep pace with inflation, and Americans are more pessimistic about their finances than at any time since the Great Recession. Economic growth has declined to a 1.1% annualized rate in the first quarter. Dive deeper into this story, tap the link in our bio.
Find more on this story at: https://www.youtube.com/nextnewsnetwork
#news
#news
-
LIVE
Havoc
2 hours agoDoes Hip Hop Need an "Old" Category? | Stuck Off the Realness Ep. 12
537 watching -
LIVE
Roseanne Barr
4 hours agoAre We Racist? with Matt Walsh | The Roseanne Barr Podcast #64
3,601 watching -
LIVE
Josh Pate's College Football Show
1 hour agoEp 550: Week 2 Upset Alerts | Big Ten Catching SEC | Billy Napier In Trouble? | FSU War Chant Drama
58 watching -
LIVE
The StoneZONE with Roger Stone
3 hours agoWill a NY Judge Jail Trump Next Week? w/ Trump Impeachment Lawyer David Schoen | The StoneZONE
564 watching -
LIVE
Tundra Gaming Live
1 hour agoThe Worlds Worst Horror Streamer Has Heart Attack Playing Resident Evil Village
83 watching -
21:56
Standpoint with Gabe Groisman
2 hours agoEp. 45. The Life of a New York Republican Congressman. Rep. Mike Lawler
2.19K4 -
48:50
Kimberly Guilfoyle
6 hours agoThe Final Stretch - And the Stakes are Higher Than Ever, Live with Mike Davis, Danielle Alvarez, and Jason Trennert | Ep. 155
34.4K18 -
DVR
theDaily302
11 hours agoThe Daily 302 -JJ Carrell
3.51K4 -
1:30:16
Redacted News
4 hours agoSoldiers Posted in NYC ahead of TRUMP Sentencing, FBI Knew Apalachee Shooter in 2023 | Redacted
113K234 -
1:20:09
Dr. Drew
9 hours agoSalty Cracker: Russia Invaded Tenet Media, Brazil Censored 𝕏, But The Salt NEVER Stops Flowing – Ask Dr. Drew
52.6K76