Newsclip®: [Business] U.S. household debt rises to $12.25 trillion in first quarter: New York Fed | TODAYonline

"WASHINGTON - Total U.S. household debt rose to $12.25 trillion in the first quarter of 2016, due largely to an increase in mortgages, according to a survey released on Tuesday by the Federal Reserve Bank of New York. That was an increase of $136 billion from the fourth quarter of 2015 and $401 billion more than one year ago, the New York Fed said. Mortgage balances also rose to $8.37 trillion, a $198 billion increase from a year ago, the survey showed.",

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