NY Fed – Household Debt Balances Increase as Deleveraging Period Concludes
Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw: “The New York Fed released the Quarterly Report on Household Debt and Credit for the third quarter of 2014 today. Balances continued to rise slightly, with an overall increase of $78 billion. The aggregate household debt balance now stands at $11.71 trillion, up 0.7 …