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Household Debt and Credit: US: Difference between revisions
Household Debt and Credit: US (view source)
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=== Q2 2023 === | |||
The report shows a slight uptick in total household debt in the second quarter of 2023, increasing by $16 billion (0.1%) to $17.06 trillion. | |||
* Credit card accounts expanded by 5.48 million to 578.35 million. Aggregate limits on credit card accounts increased by $9 billion and now stand at $4.6 trillion. | |||
* The share of debt newly transitioning into delinquency increased for credit cards and auto loans, with increases in transition rates of 0.7 and 0.4 percentage points respectively. | |||
* About 39,000 individuals had new foreclosure notations on their credit reports, a very small increase from the first quarter. New foreclosures have stayed very low since even since the CARES Act moratorium was lifted.<ref>https://www.newyorkfed.org/newsevents/news/research/2023/20230808</ref> | |||
{| class="wikitable" | |||
|'''CATEGORY''' | |||
|'''QUARTERLY CHANGE * (BILLIONS $)''' | |||
|'''ANNUAL CHANGE**(BILLIONS $)''' | |||
|'''TOTAL AS OF Q2 2023 (TRILLIONS $)''' | |||
|- | |||
|Mortgage Debt | |||
|(-) $30 | |||
|(+) $627 | |||
|$12.01 | |||
|- | |||
|Home Equity Line Of Credit | |||
|(+) $1 | |||
|(+) $21 | |||
|$0.34 | |||
|- | |||
|Student Debt | |||
|(-) $35 | |||
|(-) $20 | |||
|$1.57 | |||
|- | |||
|Auto Debt | |||
|(+) $20 | |||
|(+) $80 | |||
|$1.58 | |||
|- | |||
|Credit Card Debt | |||
|(+) $45 | |||
|(+) $144 | |||
|$1.03 | |||
|- | |||
|Other | |||
|(+) $15 | |||
|(+) $57 | |||
|$0.53 | |||
|- | |||
|'''Total Debt''' | |||
|'''(+) $16''' | |||
|'''(+) $909''' | |||
|'''$17.06''' | |||
|} | |||
'''Flow into Serious Delinquency (90 days or more delinquent)''' | |||
{| class="wikitable" | |||
|'''CATEGORY''' 1 | |||
|'''Q2 2022''' | |||
|'''Q2 2023''' | |||
|- | |||
|Mortgage Debt | |||
|0.44% | |||
|0.63% | |||
|- | |||
|Home Equity Line Of Credit | |||
|0.32% | |||
|0.44% | |||
|- | |||
|Student Loan Debt | |||
|0.98% | |||
|0.85% | |||
|- | |||
|Auto Loan Debt | |||
|1.81% | |||
|2.41% | |||
|- | |||
|Credit Card Debt | |||
|3.35% | |||
|5.08% | |||
|- | |||
|Other | |||
|3.21% | |||
|4.65% | |||
|- | |||
|'''ALL''' | |||
|'''0.84%''' | |||
|'''1.16%''' | |||
|} | |} | ||