From the new report, it was learned that the total volume of consumer debt reached 5 trillion dollars in January. The data indicates an increase in long-term household debt at a time when the economy is trying to recover after the pandemic.
According to the report, a large portion of this debt is coming from credit cards and mortgages. This could lead to serious financial distress for families, especially in conditions of uncertainty related to the current economic situation.
Experts warn that the growth in long-term debt could lead to further problems, such as the inability to pay off loans and an increased level of financial risk for consumers.
"We will need to carefully analyze the situation and take necessary measures to mitigate the negative consequences that may arise as a result of this long-term debt growth," commented one of the experts.
