U.S. household debt reaches another record on home loans

By Alex Tanzi and Shahien Nasiripour, Bloomberg
Americans increased their borrowing for the 23rd straight quarter to a total of $14.3 trillion, according to the Federal Reserve Bank of New York, the latest snapshot of household balance sheets entering what many experts believe to be a recession.
Total U.S. household debt rose by $155 billion in the first quarter from the previous three-month period or 1.1%, the New York Fed’s quarterly report showed. Overall household debt is now 28.2% abo