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US Household Debt Hits Record $13.3 Trillion
08-14-2018, 09:29 PM,
#1
US Household Debt Hits Record $13.3 Trillion
US Household Debt Hits Record $13.3 Trillion

<p>Total household debt hit a new record high, rising by $82 billion to $13.29 trillion in Q2 of 2018, 3.5% higher than a year earlier according to the NY Fed's latest household debt report. It was the 16th consecutive quarter with an increase in household debt, and the total is now $618 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008.  Overall household debt is now 19.2% above the post-financial-crisis trough reached during the second quarter of 2013.</p>


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