Household debt is on the rise again. Economists at the Federal Reserve Bank of New York have released a new report showing our debts – including mortgages, credit cards, car loans and student loans – have been shooting up, even though the economy has been improving.
Household debt rose by $117 billion in just the last three months of 2014. With a total debt load of $11.8 trillion now, more people are falling behind on their bills. NPR’s Marilyn Geewax joins Here & Now’s Robin Young with details.
Guest
- Marilyn Geewax, senior business editor for NPR. She tweets @geewaxnpr.
Copyright 2015 NPR. To see more, visit http://www.npr.org/.9(MDE1MTIxMDg0MDE0MDQ3NTY3MzkzMzY1NA001))
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