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Household Debt Balances Increase Boosted by Growth in Auto Loan Credit Card Balances

Federal Reserve Bank of New York – “Aggregate household debt balances grew slowly in the second quarter of 2016. As of June 30, 2016, total household indebtedness was $12.29 trillion, a $35 billion (0.3%) increase from the first quarter of 2016. Overall household debt remains 3.1% below its 2008Q3 peak of $12.68 trillion, but is now 10.2% above the 2013Q2 trough.”

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