It's an 11th straight quarter of deleveraging for U.S. households in the Fed's Flow of Funds...

|By:, SA News Editor

It's an 11th straight quarter of deleveraging for U.S. households in the Fed's Flow of Funds report. Household credit fell at a 0.6% rate while mortgage debt fell at a 1.3% rate. Net worth climbed by $2.1T as balance sheets continued to recover, but it's still $9T below pre-crisis. Consumer spending rose at a 4.1% annual rate, most in four years.