{"id":84765,"date":"2023-05-16T01:15:08","date_gmt":"2023-05-16T05:15:08","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84765"},"modified":"2023-05-16T01:17:46","modified_gmt":"2023-05-16T05:17:46","slug":"consumer-debt-passes-17-trillion-for-the-first-time-despite-slide-in-mortgage-demand","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2023\/consumer-debt-passes-17-trillion-for-the-first-time-despite-slide-in-mortgage-demand.html","title":{"rendered":"Consumer debt passes $17 trillion for the first time despite slide in mortgage demand"},"content":{"rendered":"\n<p>(CNBC) Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing. The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period, the New York Federal Reserve reported Monday. That took total indebtedness up about $2.9 trillion from the pre-Covid period ended in 2019.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/05\/15\/consumer-debt-passes-17-trillion-for-the-first-time-despite-slide-in-mortgage-demand.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing. The total for borrowing across all categories hit $17.05 trillion, an increase of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84765","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84765"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84765\/revisions"}],"predecessor-version":[{"id":84766,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84765\/revisions\/84766"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}