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.
