Tags: household | debt | new york fed | mortgages

Household Debt Rises to $12.25 Trillion in Q1: New York Fed

Household Debt Rises to $12.25 Trillion in Q1: New York Fed

Tuesday, 24 May 2016 11:19 AM

Total U.S. household debt rose to $12.25 trillion in the first quarter of 2016, due largely to an increase in mortgages, according to a survey released on Tuesday by the Federal Reserve Bank of New York.

That was an increase of $136 billion from the fourth quarter of 2015 and $401 billion more than one year ago, the New York Fed said.

Mortgage balances also rose to $8.37 trillion, a $198 billion increase from a year ago, the survey showed.

Student loan debt stood at $1.26 trillion, up $72 billion from a year ago, while auto loan debt increased to $1.07 trillion, a rise of $103 billion over the same period.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
Total U.S. household debt rose to $12.25 trillion in the first quarter of 2016, due largely to an increase in mortgages, according to a survey released on Tuesday by the Federal Reserve Bank of New York.
household, debt, new york fed, mortgages
111
2016-19-24
Tuesday, 24 May 2016 11:19 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved