Sentences with phrase «of household debt today»

He included original research that suggests a looser fiscal policy after 2010 may have resulted in a lower level of household debt today.

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This marked the largest quarterly increase in total household debt since the fourth quarter of 2013, and debt today is now just 0.8 % below its peak of $ 12.68 trillion reached in the third quarter of 2008.

NEW YORK — The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased substantially by $ 226 billion (a 1.8 % increase) to $ 12.58 trillion during the fourth quarter of 2Debt and Credit, which reported that total household debt increased substantially by $ 226 billion (a 1.8 % increase) to $ 12.58 trillion during the fourth quarter of 2debt increased substantially by $ 226 billion (a 1.8 % increase) to $ 12.58 trillion during the fourth quarter of 2016.

NEW YORK — The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $ 114 billion (0.9 %) to $ 12.84 trillion in the second quarter of 2Debt and Credit, which reported that total household debt increased by $ 114 billion (0.9 %) to $ 12.84 trillion in the second quarter of 2debt increased by $ 114 billion (0.9 %) to $ 12.84 trillion in the second quarter of 2017.

«Today's record level of household borrowing reflects the evolution of the financial system and the comfort level of Canadians in taking on debt,» Poloz said.

Back then, household debt accounted for about 70 % of our disposable income, today that figure is above 150 %.

OTTAWA — The Bank of Canada is using a speech today to emphasize its concerns over rising household debt and its potential impact on the country's financial system.

The reality is the average family household today carries a balance of $ 15,654 in credit card 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.»

Canadian household debt has reached record heights and there is a growing need to be more financially self - reliant in retirement as less than a third of workers today are covered by an employer pension plan.

Using the National Retirement Risk Index (NRRI), which measures the percentage of working - age households «at risk» of falling short in retirement, the analysis found that if NRRI households had started out with today's student debt levels, the index would be 56.2 percent of U.S. households at risk instead of the already alarming 51.6 percent.

DLC says the yearly savings rate of an average Canadian has gone from over 12 per cent of income in the early ′ 90s to under two per cent today and household debt in Canada has more than doubled over the past 10 years.

Some 70 percent of students graduate from college today with debt, and it's not just young households burdened by it; in many cases, middle - aged consumers are shouldering the debt, either because they've borrowed on behalf of their kids or they went back to school themselves and are paying off their own loans.

Although their household incomes are likely not greater today than in 2004, interest rates are generally lower and they may have lowered some of their debt.