Americans increased their borrowing for the 21st straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released Wednesday from the Federal Reserve Bank of New York. Total U.S. household debt rose $92 billion, or 0.7 percent, to $13.95 trillion in the third quarter, the New York Fed’s quarterly household credit and debt report showed.

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  • Average American Household Debt in 2023: Facts and Figures
    shows that total consumer debt stands at $17.503 trillion as of the fourth quarter of 2023. That's a record high. According to Experian, average total consumer household debt in 2023 is $104,215.
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  • Average American Debt in 2024: Household Debt Statistics
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    03/28/2024 - 9:27 am | View Link
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