Total Household Debt Hits $13.95 Trillion

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According to the NY Fed’s latest Report on Household Debt and Credit (illustrated by Statista), total household debt in the U.S. (which includes mortgages, auto loans, credit card and student debt) reached $13.95 trillion in Q3, 2019.

“Standing at $9.44 trillion, mortgages still account for the lion’s share of the total debt balance, with student loans a distant second at $1.50 trillion…”

Click here to read the full story at Statista.com.

Click here to read the NY Fed’s Report on Household Debt and Credit.

About Author

Director of Education & Outreach, National Real Estate Investors Association