Household debt jumped once again to $2.7 trillion, according to the New York Fed. “[T]he Federal Reserve Bank of New York announced that in the third quarter, non-real estate household debt jumped 2.3 percent to $2.7 trillion,” reports the fed. “The increase was due to a boost in student loans ($42 billion), auto loans ($18 billion) and credit card balances ($2 billion).”
The numbers come from the Fed’s Quarterly Report on Household Debt and Credit.
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