United States:
Delinquencies, Foreclosures And Bankruptcies Improve As Household Debt Stays Flat
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On May 12, The Federal Reserve Bank of New York's
Household Debt and Credit Report revealed that
aggregate household debt balances were largely flat in the first
quarter of 2015. At of the end of March, total
household indebtedness was $11.85 trillion, a $24 billion, or a 0.2
percent, increase during the first quarter of this
year. The slowdown in growth can be attributed to negligible
uptick in mortgage balances, which are the largest component of
household debt. Release.
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