US household debt $12.96T in Q3.

Author: Greg Michalowski | Category: News

Up $116Bln from Q2

The NY Fed is reporting that US household debt  stands at US$12.96 trillion in Q3. That is up US$116 billion from Q2.

Debt levels were US$605 billion higher than during the third quarter of 2016.

The proportion of overall debt that was delinquent rose slightly to 4.9% from 4.8%.

The gains are being treated to increase in mortgage loans.