Americans Have $12.29 Trillion of Debt – Here’s What it Looks Like

by Bob Bryan
Business Insider

Americans are still adding debt.

Household debt — which includes things as varied as mortgages and credit cards — increased to $12.29 trillion in the second quarter of 2016, an increase of $35 billion, or 0.3%, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit.

“Overall household debt remains 3.1% below its 2008 Q3 peak of $12.68 trillion, but is now 10.2% above the 2013Q2 trough,” the report said.

The biggest increases came from auto debt and credit-card debt, which ticked up by $32 billion and $17 billion.

Continue Reading at…