Understanding Rising Consumer Debt and Its Impact on Investment Strategies
- Eric Benz, Principal
- Dec 14, 2023
- 2 min read
The latest Quarterly Report on Household Debt and Credit from the New York Federal Reserve reveals a significant uptick in consumer debt, reaching $17.29 trillion in the third quarter of 2023. This increase is led by higher balances in mortgages, credit cards, and student loans, painting a complex picture of the current economic landscape.
