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American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
 
Pension plans for state government retirees are strained
 
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
 
The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.4%.
The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.4%.
 
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
 
Edgecombe County had the highest overall October unemployment rate at 7.5%
Edgecombe County had the highest overall October unemployment rate at 7.5%
 
Household debt rose again in the third quarter of 2022, according to the latest report from the Federal Reserve Bank of New York.
Household debt rose again in the third quarter of 2022, according to the latest report from the Federal Reserve Bank of New York.
 
Total household wealth in the United States fell $6.1 trillion dollars in the second quarter of 2022, according to data released on Friday by the Federal Reserve.
Total household wealth in the United States fell $6.1 trillion dollars in the second quarter of 2022, according to data released on Friday by the Federal Reserve.
 
Over-reliance on credit cards and a lack of self-control can be devastating during periods of economic turmoil, personal finance guru Dave Ramsey explained in a Friday interview with Fox Business.
Over-reliance on credit cards and a lack of self-control can be devastating during periods of economic turmoil, personal finance guru Dave Ramsey explained in a Friday interview with Fox Business.
 
This week, Courtney Lindeen presented her husband Aaron with a bold and innovative plan to solve the family's consumer debt burden.
This week, Courtney Lindeen presented her husband Aaron with a bold and innovative plan to solve the family's consumer debt burden.
 
Inflation is more than just an expensive trip to the grocery store or gas pump
Inflation is more than just an expensive trip to the grocery store or gas pump
 
As inflation continues to steam ahead, more consumers are turning to debt to stay afloat. Whether this is out of necessity or fiscal missteps, the fact remains: dollars are not going as far.
As inflation continues to steam ahead, more consumers are turning to debt to stay afloat. Whether this is out of necessity or fiscal missteps, the fact remains: dollars are not going as far.
 
The ruling class thought they could shut down large swaths of the economy during Covid, and paper over any negative effects by flooding the economy with newly-printed money. But all they did was delay the inevitable economic carnage.
The ruling class thought they could shut down large swaths of the economy during Covid, and paper over any negative effects by flooding the economy with newly-printed money. But all they did was delay the inevitable economic carnage.
 
Since the onset of the Great Recession in 2007, many American households and businesses have substantially reduced their indebtedness. That was a rational decision. A key cause of the boom that led to the bust was excessive leverage, itself a product of the Federal Reserve Board's easy-money..
Since the onset of the Great Recession in 2007, many American households and businesses have substantially reduced their indebtedness. That was a rational decision. A key cause of the boom that led to the bust was excessive leverage, itself a product of the Federal Reserve Board's easy-money..
 
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