2017 was a momentous year for Americans and their finances, specifically in regards to household debt. According to the Federal Reserve Bank of New York, household debt reached a new high of $12.96 trillion in the third quarter of 2017. That was $280 billion higher than the previous record set in 2008. What does this unprecedented imbalance say about Americans and their financial habits?
GOBankingRates conducted numerous financial surveys throughout the year to probe this question. Click through to get a closer look at Americans and their money in 2017, and find out if there’s any hope for our financial future.