In the third quarter, household debt soared by $147 billion, with increases across mortgages, credit cards, and auto loans.

Household debt in the U.S. ticked up slightly in the third quarter of 2024, reaching nearly $18 trillion, according to data out today by the New York Fed. At the same time, personal disposable income has also increased, meaning that when you look at ...

US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, but lower-income groups showing signs of financial strain.

Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.

Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the most recent quarter,