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Reuters

Reuters

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Business & Economics

NY Fed finds rising consumer debt amid some fraying for car loans

Reuters
Summary
Nutrition label

81% Informative

Overall debt levels held by Americans rose modestly in the final quarter of last year .

Credit card balances where up by $45 billion from the prior quarter to $1.21 trillion .

Mortgage balances ticked up $11 billion to $12.61 trillion amid a rise in mortgage creation.

The New York Fed report zeroed in on issues with lending for automobiles.

VR Score

93

Informative language

98

Neutral language

82

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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