Household debt surged in 2019, marking the biggest annual increase since just before the financial crisis, according to the New York Federal Reserve. Total household debt balances rose by $601 billion last year, topping $14 trillion for the first time, according to a new report by the Fed branch. The last time the growth was that large was 2007, when household debt rose by just over $1 trillion. Household debt jumps the most in 12 years, Federal Reserve report says https://www.cnbc.com/amp/2020/02/11/household-debt-jumps-the-most-in-12-years-federal-reserve-report-says.html The Real Risk Of A Market Correction: Record Household Debt https://seekingalpha.com/article/4323638-real-risk-of-market-correction-record-household-debt Discover Crashes Most Since The Financial Crisis On Highest Q4 Charge-off Rate This Decade https://www.zerohedge.com/economics/discover-crashes-most-financial-crisis-highest-q4-charge-rate-decade More Americans feel confident about taking on debt in 2020, even as delinquencies rise https://www.marketwatch.com/story/americans-are-feeling-better-about-their-chances-of-getting-a-loan-heres-why-theyre-feeling-so-good-2020-02-11 Mortgage rates are at three-year lows — here are 5 questions to ask yourself before you refinance your mortgage https://www.marketwatch.com/story/mortgage-rates-are-at-a-four-year-low-here-are-5-questions-to-ask-yourself-before-you-refinance-2020-02-10 Americans 4 Times More Likely to Be Equity-Rich as Home Values Increase https://reversemortgagedaily.com/2020/02/09/americans-4-times-more-likely-to-be-equity-rich-as-home-values-increase/ More Americans equity-rich https://www.mpamag.com/news/more-americans-equityrich--attom-212889.aspx Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**