NY Fed Q2 Report: "Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise"

From the NY Fed: Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise 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 $192 billion (1.4%) to $13.86 trillion in the second quarter of 2019. It was the 20th consecutive quarter with an increase, and the total is now $1.2 trillion higher, in nominal terms, than the previous peak of $12.68 trillion in the third quarter of 2008. Mortgage balances-the largest component of......(read more)

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