Business & Economy: Data on Friday showed the US workforce expanded in a significant fashion last month. However, there's a big problem just below the surface: debt.

US consumer debt surges by the most on record

According to a report from the Federal Reserve Bank of New York on Tuesday, US household debt ticked higher in the second quarter of 2024, but the overall delinquency rates were steady.

US household debt edges up, delinquency rates stabilise

us-household-debt

Us Household Debt, News on Us Household Debt, stories on Us Household Debt, articles on Us Household Debt, Us Household Debt stories at Wion, Us Household Debt news, Us Household Debt latest news

us household-debt

US consumer debt surges by the most on record

US household debt edges up, delinquency rates stabilise