US household debt
-
Overview of important developments in the evening of February 18
12:00-21:00 Key words: digital ruble, US household debt, Brazilian government, YGG Interpretation of this information: The message hints at four major developments happening today related to the digital ruble, US household debt, Brazilian government, and YGG. Firstly, the announcement of the digital ruble’s creation is a significant breakthrough for Russia’s financial system. A digital ruble is a digital currency that operates as an alternative to paper currency. The concept is similar to other digital currencies such as Bitcoin, which is designed as a decentralized currency. The launch of the digital…
-
US household debt hit a new high of 115 trillion US credit card debt hit a new high of nearly 7 trillion
According to reports, the latest report released by the Federal Reserve Bank of New York showed that in the fourth quarter of last year, US household debt increased by 394 billion US dollars, the largest quarterly increase in 20 years, bringing the total household debt to a record 16.9 trillion US dollars (about 115 trillion yuan). Interpretation of this information: The latest report from the Federal Reserve Bank of New York is causing concern among economists as it reveals that US households have acquired the largest increase in debt in…
