ALBAWABA - U.S. household debt reached a record high in the first quarter of the current year, surpassing $17 trillion, despite a sharp decline in demand for borrowing to purchase homes. According to data from the Federal Reserve Bank of New York released on May 15, total borrowing across all categories rose to $17.05 trillion, representing an increase of around $150 billion or 0.9% in the first quarter. U.S. household ...