In the second quarter of 2024, U.S. debt levels saw notable increases across various sectors, reflecting the broader economic landscape characterized by persistent inflation, elevated interest rates, and rising borrowing costs. Here’s a detailed breakdown of debt growth: 1. Household Debt (3.2% Annualized Rate) Household debt rose at a 3.2% annualized rate in Q2, driven … Continue reading U.S. Debt Levels Surge in Q2 2024 Amid High Interest Rates and Inflation