Total household debt hits $17.8 trillionMortgage balances increase $77 billion to $12.52 trillionCredit card balances up $27 billion to $1.14 trillionCredit card balances up 5.8% y/y, nominallyAuto loans up $10 billion to $1.63 trillionTotal borrowing delinquency rate unchanged at 3.2% vs Q1
I don’t see any signs of strain here but this is lagging data.
This article was written by Adam Button at www.forexlive.com.
