A Snapshot of Record-High U.S. Household Debt | St.

Household debt is simply the combined debt of all people in a household. The figure below shows that about 70% of household debt in our economy was made up of housing-related debt (i.e., mortgage l… See more

CouponFollow Extension

70%
OFF

A Snapshot Of Record-High U.S. Household Debt | St.

3 days from now

stlouisfed.org

$1.16
OFF

Average American Household Debt In 2024: Facts And Figures

3 days from now

Nov 14, 2024 · According to the latest Household Debt and Credit survey results from the Fed, Americans owe $1.166 trillion in credit card debt as of the third quarter of 2024. That's a …

fool.com

$9
OFF

Consumer Debt At A New Peak? That Depends | St. Louis Fed

3 days from now

Oct 3, 2019 · Total mortgage debt in the U.S. amounted to $9.3 trillion in the third quarter of 2008 (accounting for the lion’s share of total consumer debt), as seen in the figure below. As of the …

stlouisfed.org

FAQs about A Snapshot of Record-High U.S. Household Debt | St. Coupon?

How much debt does the US have?

Total household debt rose by $109 billion to reach $17.80 trillion, according to the latest Quarterly Report on Household Debt and Credit. Mortgage balances were up $77 billion to reach $12.52 trillion, while auto loans increased by $10 billion to reach $1.63 trillion and credit card balances increased by $27 billion to reach $1.14 trillion. ...

What is household debt made up of?

Remaining household debt was made up of student loans, auto loans, credit cards and other consumer debt. Source: New York Fed Consumer Credit Panel/Equifax, Quarterly Report on Household Debt and Credit (PDF), released February 2020. ...

What is household debt FSI?

The data for household debt comprise debt incurred by resident households of the economy only. This FSI measures the overall level of household indebtedness (commonly related to consumer loans and mortgages) as a share of GDP. Copyright © 2016, International Monetary Fund. Reprinted with permission. ...

Why did household debt fall from 2010 to 2019?

From 2010 to 2019, household debt fell relative to income as real interest rates mostly continued to decline, which indicated that the decline in liabilities was spurred by a decline in loan demand relative to loan supply, Chiang and Dueholm noted. ...

What percentage of Household debt is consumer credit?

Most of the remaining one-third of household debt is consumer credit, which consists primarily of student loans, auto loans, and credit card debt (table 2). Inflation-adjusted consumer credit edged down in 2021, as student and auto debt were flat and credit card debt declined in real terms (figure 2-14). ...

What is the most common type of debt in New York?

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; Zillow, Inc., Zillow Real Estate Data; Bureau of Labor Statistics via Haver Analytics. Most of the remaining one-third of household debt is consumer credit, which consists primarily of student loans, auto loans, and credit card debt (table 2). ...