US Consumer debt balloons

US Consumer debt balloons. In the US, consumer debt rose by the most in 6 years according to a report by the Federal Reserve Bank of NY. Household debt increased 2.1 percent, or $241 billion, to $11.52 trillion, the biggest gain since the third quarter of 2007. The level of debt last quarter was $180 billion higher than a year earlier. Total indebtedness remains 9.1 percent below the peak of $12.68 trillion in the third quarter of 2008 but non-housing debt is higher than at the peak of the GFC: $2.94 trillion. Check out the interactive graph here... (VIEW LINK)