Americans Are Carrying Record Household Debt into 2024
Collection Industry News
JANUARY 13, 2024
Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% However, while mortgages and auto loans, for example, are backed by collateral that likely eventually become a pure asset, credit card accounts are simply debt on a ledger. over the same period.
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