Americans' debt surpasses $17 trillion for the first time | CNN Business
Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
Household debt balances set a fresh record high of $17.05 trillion during the first quarter, growing $148 billion or 0.9% from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday.
That debt load has spiked by $2.9 trillion since the end of 2019.