- Total household debt hits $17.8 trillion
- Mortgage balances increase $77 billion to $12.52 trillion
- Credit card balances up $27 billion to $1.14 trillion
- Credit card balances up 5.8% y/y, nominally
- Auto loans up $10 billion to $1.63 trillion
- Total borrowing delinquency rate unchanged at 3.2% vs Q1
I don’t see any signs of strain here but this is lagging data.
This article was written by Adam Button at www.forexlive.com.
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