U.S. household debt tops 2008 peak, but this time Americans' finances are better

The recovery from the Great Recession has hit a milestone: Total household debt climbed to $12.73 trillion in the first quarter to top the peak reached in 2008 before the housing market crash and severe economic downturn led to a historic reduction, according to government data released Wednesday.

Source: LA Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *