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Quote HistoryQuoted:Now divide that by the 126,000,000 households in the US.
It's not even 150k. It's a nothing burger.
Now, tell me how much CC Debt the country is carrying and I'd likely be more inclined to be alarmed. Though probably still not surprised.
The mix of debt is way more important than the total amount of debt.
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It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total.
Also stating that rising prices (inflation) was the biggest driver of this number.
They also indicated that household savings dropped by 5% as well.
Basically Americans are taking on larger debt and steadily emptying their savings accounts.
Sure the sky isn't falling but lets not pretend like this isn't something to be worried about.