NY Fed: Household debt rose by $114 billion (0.9%) to $12.84 trillion Q2 of 2017
|"The CMD’s (the Center for Microeconomic Data) latest Quarterly Report on Household Debt and Credit reveals that total household debt rose by $114 billion (0.9 percent) to $12.84 trillion in the second quarter of 2017," said the Federal Reserve Bank of New York said on Tuesday.
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There were modest increases in mortgage, auto, and credit card debt (increasing by 0.7 percent, 2 percent, and 2.6 percent respectively), no change to student loan debt, and a decline in home equity lines of credit (which fell by 0.9 percent).
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Flows of credit card balances into both early and serious delinquencies climbed for the third straight quarter—a trend not seen since 2009.
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