How $13 Trillion in Household Debt Could Derail the Economy

The U.S. economy might appear to be healthy and growing, but there are cracks beginning to appear beneath the surface.

Household debt has reached a record $13 trillion in recent months, while wage growth remains well below long-term averages. These trends have had a negative impact on inflation, which could put a damper on the Federal Reserve’s plans to hike interest rates, reduce its balance sheet and return the economy to a state of normalcy.

In this article, we will look at each of these factors and the impact that they could have on the wider economy over the coming quarters.