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Joe Diamond, CPA, CFP®, EA, MST

 

Diamond Financial Corporation

4256 North Arlington Heights Road, Suite 204

Arlington Heights, IL 60004

 

Phone: 847-884-8500 

 

Email: customerservice@diamondfinancial.com

Website: www.diamondfinancial.com

September/October 2020

Debt on the Rise

Debt on the Rise

The New York Federal Reserve found that total household debt balances grew to $14.15 trillion in 2019, the largest annual gain since 2007. Here’s how most of it breaks down:


  • Credit Card Balances - $930 Million

  • Auto Loan Balances - $1.33 Trillion

  • Student Loans - $1.51 Trillion

  • Mortgages - $19.56 Trillion


www.newyorkfed.org/newsevents/news/research/2020/2020021


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Advisory Services offered through Diamond Financial Corporation, Registered Investment Advisor. Custodial Services provided by TD Ameritrade. Member FINRA/SIPC/MSRB.
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