Household Debt Increased Moderately in Q2 2024; Auto and Credit Card Delinquency Rates Remain Elevated
Collection Industry News
AUGUST 25, 2024
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit . The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. It includes a one-page summary of key takeaways and their supporting data points.
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