Phone: (866) 746-2401 | Visit Us!

Weekly Market Thought of the Week – The State of Household Debt – 8-31-2018

Debt can fuel consumer spending, which accounts for nearly 70% of all economic activity in the United States. Debt also allows Americans to make large investments in education and housing, which can help build personal wealth and improve financial stability. According to the Federal Reserve Bank of New York, aggregate household debt increased in the second quarter of 2018 for the 16th consecutive quarter.