NY Fed Q1 Report: "Total Household Debt Rises for 15th Straight Quarter, Led by Mortgages, Student Loans"

From the NY Fed: Total Household Debt Rises for 15th Straight Quarter, Led by Mortgages, Student Loans The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $63 billion (0.5%) to $13.21 trillion in the first quarter of 2018 . It was the 15th consecutive quarter with an increase, and the total is now $536 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Further, overall household debt is now 18.5% above the......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2KA4Pfk
via IFTTT