Household debt jumped by $1 trillion in 2021, the most since 2007
CNN
A big year for car and home shopping helped push Americans to take on a lot more debt last year.
Household debt increased by $1 trillion in 2021, the biggest annual increase since 2007, according to data from the Federal Reserve Bank of New York.
In the fourth quarter alone, household debt grew by $333 billion to $15.58 trillion, the largest quarterly rate of increase since 2007 as well.
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