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Dice Financial Services Group

1716 N. Sanborn Blvd, PO Box 790

Mitchell, SD 57301

 

Phone:     605-996-7171

Toll Free: 800-658-3603

 

Website: www.dicefinancial.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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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
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