Donghoon Lee

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US credit card balances reach a record as household debt climbs

Leads the quarterly household debt report

Americans held $1.29 trillion in credit card balances at the end of September, a record, the Federal Reserve Bank of New York reported on Nov. 10. Total household debt, including mortgages, auto loans and student loans, reached $19.1 trillion.

Updated Yesterday

Notable Quotes

"Household debt levels rose moderately, led by increases in mortgage and home equity line of credit originations."

from US credit card balances reach a record as household debt climbs · Updated Yesterday

"Although delinquency transition rates for housing debts have crept up, the overall credit quality of these loans remains strong."

from US credit card balances reach a record as household debt climbs · Updated Yesterday