US household debt at record level
- US Household debt at record $13.5 trln in Q3 up $219bln from Q2
- Student loan debt $1.4trln from Q2
- Mortgage debt $9.1trln in Q3 up $141 from Q3 with rise in serious delinquencies flows to 9.1%
- US credit card debt $844 bln in Q3 up $15bln from Q2
- US Auto debt $1.3trln in Q3, up $27 bln from Q2
US Serious delinquencies flows jumped in student debt; ticked up in credit card: flat in mortgage and Auto