Household Debt Still Below 2008 Peak

May 24, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

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.

ALL CONTENT ON 'FINANCIALSURVIVALNETWORK.COM' IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'FINANCIALSURVIVALNETWORK.COM' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. THANK YOU.