NY Fed Q4 Report: "Household Debt Increased, Fifth Consecutive Year Of Positive Annual Growth"

From the NY Fed: Household Debt Jumps as 2017 Marks the Fifth Consecutive Year Of Positive Annual Growth Since Post-Recession Deleveraging The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit ,which reported that total household debt increased by $193 billion (1.5%) to $13.15 trillion in the fourth quarter of 2017 . This report marks the fifth consecutive year of positive annual household debt growth . There were increases in mortgage, student, auto, and credit card debt (increasing by 1.6%, 1.5%, 0.7% and 3.2%......(read more)

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