U.S. hits record $17.8 trillion in household debt; credit card and auto loan delinquencies nearing 2008 highs.

Sharing is Caring!

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 overdue) for credit card debt have surged to 7.18%, and auto loan delinquencies have also increased. These levels are approaching those seen during the 2008 financial crisis.

See also  Bitcoin is "freedom". This guy is going for a record on the number of stupid points that can be crammed into one Tweet.

See also  23% of tax revenue ($1.1 TRILLION) is now interest on the national debt

Views: 134

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.