Your Trusted Source for Mortgage News and Professional Advice

Inflation is a topic that affects everyone, whether you’re managing a household budget, planning a big purchase, or simply keeping an eye on your savings. The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE)

According to a recent report from the New York Fed, while total household debt continues to grow, incomes are rising even faster, making the overall burden on households lighter than it has been in years.

The U.S. national debt has reached unprecedented levels, climbing to $34.8 trillion as of mid-2024, according to the Department of the Treasury.