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  • Metro East REIA

Total Household Debt Keeps Rising

A new report from the NY Fed says total household debt rose by $313 billion (2.1%) to reaching $14.96 trillion in Q2, 2021. According to their latest Quarterly Report on Household Debt and Credit, mortgage balances was the largest component of household debt, rising by $282 billion. In addition, auto loans increased by $33 billion, credit card balances ticked up by $17 billion and student loan debt actually decreased by $14 billion. This is an information-rich report with 40+ pages of graphs and charts. Continue reading HERE...

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