Boston Real Estate Investors Association

Total Household Debt Keeps Rising

Total Household Debt Keeps Rising

A new report from the NY Fed says total household debt rose by $ 313 billion (2.1%) to reaching $ 14.96 trillion in Q2, 2021.  According to their latest Quarterly Report on Household Debt and Credit, mortgage balances was the largest component of household debt, rising by $ 282 billion. In addition, auto loans increased by $ 33 billion, credit card balances ticked up by $ 17 billion and student loan debt actually decreased by $ 14 billion.  This is an information-rich report with 40+ pages of graphs and charts.  Indeed…


loans by type

Click here to read the full report at the NY Fed.


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