Sentences with phrase «kinds of household debt»

And today's young adults are getting into trouble with borrowing money for college at unprecedented rates: In a February 2013 analysis on student debt, Federal Reserve Bank of New York economist Donghoon Lee said, «Student debt is the only kind of household debt that continued to rise through the Great Recession.»

'' Student debt is the only kind of household debt that continued to rise through the Great Recession and has now the second largest balance after mortgage debt.»

Not exact matches

With the rate of home ownership now close to 70 %, and with household debt at a record high, much of the financial health of Canadian households is inextricably linked to home values, making it the kind of dominant concern that not only affects household finances, but consumer psychology and confidence.

Households with any kind of debt owe $ 133,568 (including mortgages), on average, the data analysis found.

The average household with any kind of debt owes $ 135,924, including mortgages, according to Nerdwallet.

In a country where consumers have grown accustomed to low rates, and where households are burdened with record levels of debt relative to income, this kind of change is worth noting.

38.1 % of all U.S. households carry some kind of credit card debt, and the average American household has $ 5,700 in credit card debt.

According to Nerdwallet, the average American household has credit card debt totaling $ 16,425, and the average household with any kind of debt owes $ 135,924, that includes mortgages.

According to research by the Employee Benefit Research Institute, 65.4 percent of households 55 and older had some kind of debt in 2013, up from 53.8 percent in 1992.

With the rate of home ownership now close to 70 %, and with household debt at a record high, much of the financial health of Canadian households is inextricably linked to home values, making it the kind of dominant concern that not only affects household finances, but consumer psychology and confidence.