According to a recent report from the Federal Reserve Bank of New York, as of the end of December 2015, total household indebtedness was over $12 trillion, an increase of $51 billion (0.4%) from the previous quarter. Overall, December’s number remains 4.4% below 2008’s peak balance of nearly $14 trillion. Mortgage balances (the largest component of household debt) remained flat during the fourth quarter at $8.25 trillion.
