Newsweek on Nostr: Americans' Debt Is Dropping: Report ========== Americans' non-mortgage debt decreased ...
Americans' Debt Is Dropping: Report
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Americans' non-mortgage debt decreased by 10.6% from $40,470 in 2023 to $36,167 in 2024; five states (Nevada, North Dakota, Mississippi, Oklahoma, Maryland) saw double-digit declines; personal, auto, and student loan debts declined by 33%, 14.9%, and 10.5% respectively; $39 billion in student loans were forgiven by President Joe Biden; experts suggest a cautious financial landscape with stricter lending standards; baby boomers are prioritizing financial security as they approach retirement; lower debt may lead to reduced consumer demand.
#Debt #Finance #ConsumerTrends #StudentLoans #Biden #Lendingtree #EconomicOutlook #Inflation #InterestRates #BabyBoomers
https://www.newsweek.com/americans-debt-dropping-report-inflation-interest-rates-1990284
==========
Americans' non-mortgage debt decreased by 10.6% from $40,470 in 2023 to $36,167 in 2024; five states (Nevada, North Dakota, Mississippi, Oklahoma, Maryland) saw double-digit declines; personal, auto, and student loan debts declined by 33%, 14.9%, and 10.5% respectively; $39 billion in student loans were forgiven by President Joe Biden; experts suggest a cautious financial landscape with stricter lending standards; baby boomers are prioritizing financial security as they approach retirement; lower debt may lead to reduced consumer demand.
#Debt #Finance #ConsumerTrends #StudentLoans #Biden #Lendingtree #EconomicOutlook #Inflation #InterestRates #BabyBoomers
https://www.newsweek.com/americans-debt-dropping-report-inflation-interest-rates-1990284