NY Fed Q4 Report: "Total Household Debt Rises as 2018 Marks the Ninth Year of Annual Growth in New Auto Loans"

From the NY Fed: Total Household Debt Rises as 2018 Marks the Ninth Year of Annual Growth in New Auto 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 $32 billion (0.2%) to $13.54 trillion in the fourth quarter of 2018. It was the 18th consecutive quarter with an increase and the total is now $869 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. Furthermore, overall household debt is now 21.4% above the......(read more)

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