Americans In , More Debt, Than Ever Before.<br />According to CNN, American's <br />debt have risen to an all-time high. .<br />The Federal Reserve Bank of New York says between July and September, household <br />debt in the US rose to $15.24 trillion.<br />Mortgages make up the majority <br />of debt in the United States.<br />They rose $230 billion last quarter.<br />Credit card balances <br />went up by $17 billion.<br />$123 billion less than the last generated pre-pandemic statistics.<br />Student and Auto loan balances have increased exponentially as well.<br />Student and Auto loan balances have increased exponentially as well.<br />Economists say in spite of inflation making goods more expensive, Americans continue to spend.<br />Economists say in spite of inflation making goods more expensive, Americans continue to spend.<br />Issues in the global supply chain <br />have created this price disparity.<br />Issues in the global supply chain <br />have created this price disparity.<br />Experts say consumer <br />demand is through the roof.<br />Inflation data published November 9 shows manufacturers raised <br />prices 0.6% in October. .<br />Inflation data published November 9 shows manufacturers raised <br />prices 0.6% in October. .<br />Experts attribute this price <br />increase to higher energy costs.<br />Economists say that businesses won't <br />absorb this price increase much longer. <br />The burden will find the consumer.<br />Economists say that businesses won't <br />absorb this price increase much longer. <br />The burden will find the consumer
