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Household Debt and Credit: US: Difference between revisions
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* Limits on HELOC grew by $30 billion and have grown by 14% over the past two years, after 10 years of observed declines. | * 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. | * 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''' | '''Household Debt and Credit Developments as of Q1 2024''' | ||
{| class="wikitable" | {| class="wikitable" | ||
!'''CATEGORY''' | |||
!'''QUARTERLY CHANGE * (BILLIONS $)''' | |||
!'''ANNUAL CHANGE** (BILLIONS $)''' | |||
!'''TOTAL AS OF Q1 2024 (TRILLIONS $)''' | |||
|- | |- | ||
|MORTGAGE DEBT | |MORTGAGE DEBT | ||
| Line 230: | Line 229: | ||
|'''$17.69''' | |'''$17.69''' | ||
|} | |} | ||
'''Flow into Serious Delinquency (90 days or more delinquent)''' | '''Flow into Serious Delinquency (90 days or more delinquent)''' | ||
{| class="wikitable" | {| class="wikitable" | ||
!CATEGORY1 | |||
!Q1 2023 | |||
!Q1 2024 | |||
|- | |- | ||
|MORTGAGE DEBT | |MORTGAGE DEBT | ||
| Line 263: | Line 261: | ||
|- | |- | ||
|ALL | |ALL | ||
|1.08% | |'''1.08%''' | ||
|1.54% | |'''1.54%''' | ||
|} | |} | ||
| Line 776: | Line 774: | ||
|247.90 | |247.90 | ||
|393.77 | |393.77 | ||
|- | |||
|24:Q1 | |||
|12.61 | |||
|14.30 | |||
|46.26 | |||
|45.68 | |||
|283.80 | |||
|402.65 | |||
|} | |} | ||
| Line 1,027: | Line 1,033: | ||
|62.5 | |62.5 | ||
|164.9 | |164.9 | ||
|- | |||
|24:Q1 | |||
|26.2 | |||
|15.8 | |||
|34.3 | |||
|25.6 | |||
|63.6 | |||
|165.5 | |||
|} | |} | ||
| Line 2,529: | Line 2,543: | ||
|1.1 | |1.1 | ||
|3.1 | |3.1 | ||
|- | |||
|24:Q1 | |||
|96.8 | |||
|1.0 | |||
|0.4 | |||
|0.2 | |||
|0.4 | |||
|1.3 | |||
|3.3 | |||
|} | |} | ||
| Line 3,318: | Line 3,341: | ||
|5.15 | |5.15 | ||
|'''1.42''' | |'''1.42''' | ||
|- | |||
|24:Q1 | |||
|0.60 | |||
|0.50 | |||
|4.41 | |||
|10.69 | |||
|0.62 | |||
|8.51 | |||
|'''1.83''' | |||
|7.94 | |||
|8.93 | |||
|3.24 | |||
|2.14 | |||
|0.98 | |||
|7.55 | |||
|'''3.88''' | |||
|2.78 | |||
|6.86 | |||
|0.92 | |||
|0.52 | |||
|0.80 | |||
|5.43 | |||
|'''1.54''' | |||
|} | |} | ||