HOUSEHOLD DEBT AND CREDIT REPORT - Federal Reserve Bank of New York
Total household debt rose by $109 billion to reach $17.80 trillion, according to the latest Quarterly Report on Household Debt and Credit. Mortgage balances were up $77 billion to reach $12.52 trillion, while auto loans increased by $10 billion to reach $1.63 trillion and credit card balances increased by $27 billion to reach $1.14 trillion.
US consumer debt jumped by $40 billion in February
Apr 7, 2022 · Americans got into a lot more debt in February as rampant inflation kept up the pressure, the Federal Reserve’s consumer credit report showed Thursday. Debt levels jumped by nearly $42...
Americans Racked Up Record Consumer Debt In February - Forbes
Apr 7, 2023 · Consumer credit hit a record high of $4.82 trillion in February, according to a new report from the Federal Reserve, continuing a pattern of historically high rates of debt that began at the...
Household debt hit record $16.9 trillion last quarter, as ... - CNN
Feb 16, 2023 · Total US household debt hit a record $16.9 trillion during the fourth quarter, an increase of $394 billion, or 2.4%, from the prior three-month period, according to the Fed’s latest Quarterly...
Experian Study: Average U.S. Consumer Debt and Statistics
Feb 14, 2024 · Experian Study: Average U.S. Consumer Debt and Statistics. February 14, 2024 • 9 min read. By Chris Horymski. Quick Answer. The total U.S. consumer debt balance increased to $17.1 trillion in 2023, up 4.4% from $16.38 trillion in 2022. Growth in 2023 was slower than the 7% increase from 2021 to 2022.
Total Household Debt Reaches $16.90 trillion in Q4 2022; …
Feb 16, 2023 · The Report shows an increase in total household debt in the fourth quarter of 2022, increasing by $394 billion (2.4%) to $16.90 trillion. Balances now stand $2.75 trillion higher than at the end of 2019, before the pandemic recession.
Consumers Hit the Brakes on Debt Just as it Reaches Record Levels
Feb 8, 2024 · After piling on debt for much of the year – in 2023, the type of credit commonly provided by charge cards and other loans increased 8.4 percent – consumers slammed on the brakes in the last ...
Consumer debt hits $15.6 trillion in 2021, a record-breaking …
Feb 8, 2022 · Total U.S. consumer debt at the end of the year came to $15.6 trillion, a year-over-year jump of $333 billion during the fourth quarter and just over $1 trillion for the full year, according...
Credit Card and Auto Loan Delinquencies Continue Rising; …
Feb 6, 2024 · The report shows total household debt increased by $212 billion (1.2%) in the fourth quarter of 2023, to $17.50 trillion. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.
February 2024 U.S. National Consumer Credit Trends Reports - Equifax
Apr 1, 2024 · As of February 2024, total U.S. consumer debt was $17.37 trillion dollars, up 2.8% from February 2023. Mortgage debt, including home equity loans, accounts for $12.63 trillion, making up 72.7% of total U.S. consumer debt. First mortgages are …