U.S. hits record $17.8 trillion in household debt; credit card and auto loan delinquencies nearing 2008 highs.
U.S. household debt has reached a record $17.8 trillion as of the second quarter of 2024. This includes significant increases in mortgage balances, auto loans, and credit card debt. Regarding delinquencies, there has been a notable rise. Serious delinquencies (90 days or more …