American Household Debt Almost Back at Pre-Recession Levels – 24/7 Wall St.

24/7 Wall St.American Household Debt Almost Back at Pre-Recession Levels24/7 Wall St.Debt balances rose by 1.9% in auto loans, rose by 2.4% on student debt balances and rose 4.3% on credit card balances. Mortgage balances are understandably the largest component of household debt. This was up $130 billion at $8.48 trillion at the end …US Households Ramp Up Borrowing Led by Mortgages, Credit CardsBloombergNY Fed: US household debt at highest level since 2008CNBCUS Household Debts Climbed in 2016 by Most in a DecadeWall Street Journal (subscription)ABA Banking Journal (blog) -Washington Examinerall 10 news articles …read more

Source:: Credit Card Debt