Why I’m Not Worried U.S. Household Debt Is At Record Highs

By Ben Carlson of A Wealth of Common Sense

U.S. household debt hit a new record at the end of March 2021 of almost $15 trillion:

That’s a scary looking number. And it is huge on a standalone basis.

But the U.S. consumer is doing much better than they appear by simply looking at the debt side of the equation.

In fact, U.S. households are in better shape financially than they have been in some time.

Debt isn’t the only number hitting new records.

According to a new report by the Federal Reserve the net worth of households and nonprofits in the United States….read more