Household debt in the US was unchanged at $11.85 trillion for the second quarter of 2015. "Mortgages balances, the largest component of household debt, declined in the second quarter. Mortgage balances shown on consumer credit reports stood at $8.12 trillion, a $55 billion decline from the first quarter of 2015," according to the New York Federal Reserve's latest Household Debt and Credit Report. "Balances on home equity lines of credit (HELOC) dropped by $11 billion, to $499 billion. Non-ho...
This is what $11.85 trillion worth of household debt looks like
Business Insider - 16 Aug 2015 23:42
Household debt in the US was unchanged at $11.85 trillion for the second quarter of 2015. "Mortgages balances, the largest component of household debt, declined in the second quarter. Mortgage balances shown on consumer credit reports stood at $8.12 trillion, a $55 billion decline from the first quarter of 2015," according to the New York Federal Reserve's latest Household Debt and Credit Report. "Balances on home equity lines of credit (HELOC) dropped by $11 billion, to $499 billion. Non-ho...
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