Household Debt Rises to $17.29 Trillion

BY  ON NOVEMBER 15, 2023

A new report from the New York Fed says household debt has risen to $17.29 trillion (up 1.3%) in Q3 2023, led by mortgages, credit cards and student loans. The data is from the Fed’s latest issue of the Quarterly Report on Household Debt and Credit. Click here to read more.

Some key findings:
  • Mortgage balances increased to $12.14 trillion.
  • Credit card balances increased to $1.08 trillion.
  • Student loan balances increased to $1.6 trillion.
  • Auto loan balances increased to $1.6 trillion – continuing an upward trajectory since 2011.

Click here to read the full report at the New York Fed.

Showing 1 reaction

  • Hamza Ashfaq
    published this page in Updates 2023-12-16 05:34:00 -0700