Fox News: U.S. household debt jumped to the highest level since the 2008 financial crisis last year as mortgages surged amid high inflation and rising interest rates, according to a new analysis published by WalletHub. The findings show that household debt – which increased by $320 billion in the final three months of 2022 – hit a 15-year-high of $17 trillion. On average, a typical household owed a total of $142,680 at the end of the year (Fox News).
WalletHub: Household mortgage debt increased by $290 billion in 2022, the second highest annual increase since the end of the Great Recession (WalletHub).
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