by Mike ‘Mish’ Shedlock
Household Debt Summary
- Household debt for the first quarter of 2016 is up $136 billion.
- Mortgage debt, up $120 billion, accounts for most of the gain.
- Student loan debt, up $29 billion, accounts for most the rest.
- Total household debt still below 2008 peak
The Federal Reserve of New York reports Household Debt Steps Up, Delinquencies Drop.