• NY Fed Q3 Report: "Total Household Debt Increases, Delinquency Rates of Several Debt Types Continue Rising"

    8 days ago - By Calculated Risk

    From the NY Fed: Total Household Debt Increases, Delinquency Rates of Several Debt Types Continue Rising
    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 $116 billion to $12.96 trillion in the third quarter of 2017. There were increases in mortgage, student, auto and credit card debt (increasing by 0.6%, 1.0%, 1.9% and 3.1% respectively) and a modest decline in home equity lines of credit balances .
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    Credit card and auto loan flows into delinquency...
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