Tag: Jill Gonzalez

U.S. Household Debt Rises Sharply

The Center Square

Household debt across the country is sharply on the rise, with U.S. households now collectively on the hook for about $17 trillion in total. The average family holds about $142,680 in debt, according to a new WalletHub report.

All told, the personal finance website concludes that 2022 ended with Americans roughly $320 billion more in total debt than they were at the start of the year. During the fourth quarter alone, consumers added at least $398 million in new debt, the fourth highest build-up for a fourth quarter over the past two decades and more than four times larger than Q4 2021.

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Ohio Unemployment Recovery Remains Among Worst in Nation

The Center Square

Ohio’s unemployment recovery from the COVID-19 pandemic improved last week but remains one of the worst in the country, according to a new report.

The state ranked 26th out of the 50 states and the District of Columbia last week, comparing data with the same week of 2020, according to a report from WalletHub, a personal finance website. That ranking was significantly better than the state’s position when compared with the beginning of the pandemic.

Ohio ranked 43rd in overall unemployment recovery from the beginning of the pandemic.

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