Household Debt Jumps as 2017 Marks the Fifth Consecutive Year of Annual Growth

2017 Q4 US Household Debt increased $193 billion reaching a new height of $13.15 trillion. Increases breakdown as follows:

  • Mortgage +1.6%
  • Auto Loan +0.7%
  • Credit Card +3.2%
  • Student Loan 1.5%

Source: NewYorkFed.Org

To put things in perspective, here is a chart (up to 2017 Q3 only) US Total Debt vs GDP


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