3,882
edits
Household Debt and Credit: US: Difference between revisions
no edit summary
No edit summary |
|||
| Line 168: | Line 168: | ||
|0.554 | |0.554 | ||
|17.503 | |17.503 | ||
|- | |||
|24:Q1 | |||
|12.442 | |||
|0.376 | |||
|1.616 | |||
|1.115 | |||
|1.595 | |||
|0.543 | |||
|17.687 | |||
|} | |||
=== Q1 2024 === | |||
The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.<ref>https://www.newyorkfed.org/newsevents/news/research/2024/20240514</ref> | |||
* Mortgage originations continued increasing at the same pace seen in the previous three quarters, and now stand at $403 billion | |||
* Aggregate limits on credit card accounts increased modestly by $63 billion, representing a 1.3% increase from the previous quarter. | |||
* Limits on HELOC grew by $30 billion and have grown by 14% over the past two years, after 10 years of observed declines. | |||
* Aggregate delinquency rates increased in Q1 2024, with 3.2% of outstanding debt in some stage of delinquency at the end of March. Delinquency transition rates increased for all debt types. Annualized, approximately 8.9% of credit card balances and 7.9% of auto loans transitioned into delinquency. | |||
'''Household Debt and Credit Developments as of Q1 2024''' | |||
{| class="wikitable" | |||
|'''CATEGORY''' | |||
|'''QUARTERLY CHANGE * (BILLIONS $)''' | |||
|'''ANNUAL CHANGE** (BILLIONS $)''' | |||
|'''TOTAL AS OF Q1 2024 (TRILLIONS $)''' | |||
|- | |||
|MORTGAGE DEBT | |||
|(+) $190 | |||
|(+) $398 | |||
|$12.442 | |||
|- | |||
|HOME EQUITY LINE OF CREDIT | |||
|(+) $16 | |||
|(+) $37 | |||
|$0.376 | |||
|- | |||
|STUDENT DEBT | |||
|(-) $6 | |||
|(-) $9 | |||
|$1.595 | |||
|- | |||
|AUTO DEBT | |||
|(+) $9 | |||
|(+) $54 | |||
|$1.616 | |||
|- | |||
|CREDIT CARD DEBT | |||
|(-) $14 | |||
|(+) $129 | |||
|$1.115 | |||
|- | |||
|OTHER | |||
|(-) $11 | |||
|(+) $31 | |||
|$0.543 | |||
|- | |||
|'''TOTAL DEBT''' | |||
|'''(+) $184''' | |||
|'''(+) $640''' | |||
|'''$17.69''' | |||
|} | |||
'''Flow into Serious Delinquency (90 days or more delinquent)''' | |||
{| class="wikitable" | |||
|CATEGORY1 | |||
|Q1 2023 | |||
|Q1 2024 | |||
|- | |||
|MORTGAGE DEBT | |||
|0.59% | |||
|0.92% | |||
|- | |||
|HOME EQUITY LINE OF CREDIT | |||
|0.48% | |||
|0.52% | |||
|- | |||
|STUDENT LOAN DEBT | |||
|0.94% | |||
|0.80% | |||
|- | |||
|AUTO LOAN DEBT | |||
|2.33% | |||
|2.78% | |||
|- | |||
|CREDIT CARD DEBT | |||
|4.57% | |||
|6.86% | |||
|- | |||
|OTHER | |||
|4.35% | |||
|5.43% | |||
|- | |||
|ALL | |||
|1.08% | |||
|1.54% | |||
|} | |} | ||