Wednesday, February 14, 2018

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


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



Source: StLouisFed.org