U.S. household debt more than ¥ 1,550 trillion Record-high mortgage loan increase Feb. 12 at 10:43
Debt in the U.S. household sector, including mortgages and student loans, has reached a record high of more than ¥ 1,550 trillion in Japanese yen, mainly due to a significant increase in mortgage loans due to the effect of interest rate cuts last year. I knew that it had expanded.
This was announced by the Federal Reserve Bank of New York and the Federal Reserve Bank of New York on November 11, and the debt balance including mortgage loans, student loans, card loans and car loans, etc. at the end of last year was $ 14.15 trillion, Japanese yen Was about 1550 trillion yen.
That's $ 193 billion, or 1.4% more than three months ago, a record high. In the U.S., interest rate cuts were seen in interest rate cuts made three times last year to support the economy, and mortgage contracts, including refinancing, rose to $ 752 billion in the three months to December last year alone. Is also spreading to the household sector.
Home loans account for nearly 70% of the US household finances, but heavy repayments are a problem, and student loans, which are often cited as a problem in the presidential election, are the second trillion trillion. That's up to $ 510 billion.
In the United States, household debt has fallen sharply after the so-called Lehman shock in 2008, but has started to increase again in late 2014.