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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

American’s Debt Level Surpassed Pre-Crisis Peak

August, 16 2017
watermark Economic news

The debt level of America reached a record high in the second quarter as it exceeded the pre-crisis peak amid the increase in mortgages as well as the auto and credit card debt where the number of misconduct increase in number. A less strict lending standards permit borrowers with lower credit scores to utilize credit cards as mentioned by an economist from the report.

The total household debt of the U.S. amounted to $12.84 trillion for the second quarter that rose by $552 billion than last year, as stated from the Federal Reserve Bank of New York report released on Tuesday. Around 14 percent value of household deleveraging due to 2007 to 2009 financial crisis and major recession belongs to the Total U.S. indebtedness. This hindered the upward trend for the past 63 years.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.