NY Fed puts auto, student loans in spotlight as debt spikes
Auto and student loans have seen increases in early delinquencies this year, while overall household debt has surged past its recession peak, according to a quarterly report published by the New York Federal Reserve this month.
Total household indebtedness in the second quarter stood at $12.84tr, a 0.9% increase from the first quarter of 2017, according to Federal Reserve data. This is $164bn above its peak in the third quarter of 2008, and 15.1% above its trough in the second quarter of 2013.
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