NY Fed: Household debt down $34 billion dollars in Q2, despite recession

Name: NY Fed: Household debt down $34 billion dollars in Q2, despite recession
Uploaded: 2020-08-06T15:57:31.000Z
Duration: 1 min 12 s
Description: CNBC's Steve Liesman reports household debt fell $34 billion dollars during the second quarter due to a $76 billion dollar decrease in credit card debt. This was largely because of Congress's weekly $600 unemployment benefit and other forbearance programs.

CNBC's Steve Liesman reports household debt fell $34 billion dollars during the second quarter due to a $76 billion dollar decrease in credit card debt. This was largely because of Congress's weekly $600 unemployment benefit and other forbearance programs.

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Thu, Aug 6 202011:57 AM EDT