Household Debt Rises to $17.06 Trillion - Led by Credit Card Balances

Total household debt rose by $16 billion to reach $17.06 trillion in the second quarter of 2023, according to the latest Quarterly Report on Household Debt and Credit. 

Credit card balances saw brisk growth, rising by $45 billion to a series high of $1.03 trillion. Other balances, which include retail credit cards and other consumer loans, and auto loans increased by $15 billion and $20 billion, respectively.

This information comes directly from the NY Fed site; Center for Microeconomic Data

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