U.S. household debt falls to post-2006 low

05/14/2013 | Bloomberg

U.S. household debt delinquency fell "across the board" and overall household debt declined 1% in the first quarter, the New York Federal Reserve Bank reported. The debt level in the quarter was the lowest since 2006 as consumers continued to deleverage in the economic downturn. One exception, however, was student debt, which climbed to $986 billion in the quarter.

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