{"id":1994862,"date":"2023-08-08T21:50:05","date_gmt":"2023-08-09T01:50:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-inch-closer-to-debt-level-breaking-point-as-household-borrowing-tops-17-trillion\/"},"modified":"2023-08-08T21:51:35","modified_gmt":"2023-08-09T01:51:35","slug":"americans-inch-closer-to-debt-level-breaking-point-as-household-borrowing-tops-17-trillion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-inch-closer-to-debt-level-breaking-point-as-household-borrowing-tops-17-trillion\/","title":{"rendered":"US Household Debt Reaches $17 Trillion, Nearing Breaking Point"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famericans-inch-closer-to-debt-level-breaking-point-as-household-borrowing-tops-17-trillion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1994862&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Household Debt Reaches Alarming Levels: Are Americans on the Brink of Financial Collapse?<\/h2>\n<p>According to recent data from the \u200cFederal Reserve, the burden of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-household-debt-reaches-all-time-high-of-15-trillion\/\" title=\"US Household Debt Reaches All-Time High Of  Trillion\">household debt<\/a> has skyrocketed to a staggering $17 trillion. This eye-opening figure has \u2062brought to light a concerning reality &#8211; the average American household is now just a mere $14,000 away from a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-accuse-gop-of-manufacturing-crisis-over-debt-ceiling\/\" title=\"Dems claim GOP creates debt ceiling 'crisis.'\">potential financial catastrophe<\/a>.<\/p>\n<blockquote>\n<h3>The Breaking Point: A Looming Crisis<\/h3>\n<p>A study conducted by WalletHub has shed light on the precarious situation that many \u2064American households\u200c find themselves \u2064in. With <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/americans-inch-closer-to-debt-level-breaking-point-as-household-borrowing-tops-17-trillion\/\" title=\"US Household Debt Reaches  Trillion, Nearing Breaking Point\">debt levels soaring<\/a>, it is becoming increasingly\u200b difficult for individuals to\u200c keep up\u2063 with their loan \u2063payments. The consequences\u2063 of this mounting debt are\u200d dire, as it threatens to push households over the edge \u2062into financial ruin.<\/p>\n<\/blockquote>\n<p>The New York Federal Reserve recently released a report \u200don August 8th, revealing that overall household debt has \u2064increased\u2064 by an alarming $16 billion in just a\u200c few short months. This alarming trend\u2064 serves as a stark reminder of the urgent need for individuals to take control of their financial well-being.<\/p>\n<p>As the\u2064 burden of debt continues to grow,\u2062 it is crucial \u2064for Americans to prioritize their financial \u200chealth and seek solutions to alleviate their debt. By <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidencession-half-of-u-s-companies-preparing-for-job-cuts\/\" title=\"Bidencession: Half of U.S. Companies Preparing for Job Cuts\">taking proactive steps<\/a> towards managing their loans and expenses,\u2062 individuals can safeguard themselves from the impending crisis that looms on the horizon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to WalletHub, the average American household is only $14,000 away from a &#8220;breaking point&#8221; where they can no longer afford to repay their loans. With household debt surpassing $17 trillion, this alarming situation was highlighted by the New York Federal Reserve&#8217;s recent report on August 8.<\/p>\n","protected":false},"author":118,"featured_media":1994863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1994862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1994862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1994862"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1994862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1994863"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1994862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1994862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1994862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}