U.S. student loan debt reaches $1.1 trillion, $4 billion more than all credit-card debt. http://online.wsj.com/articles/americans-borrowing-more-briskly-for-cars-homes-1416931220 …
Americans increased their borrowing
this summer, taking out more new mortgages for the first time in over a
year while adding to their car, credit-card and education loans.
For the most part, consumers are taking on new loans carefully, yet late payments on one fast-growing category of debt—student loans—are worsening, new figures from the Federal Reserve Bank of New York show.
Household debt—including mortgages, credit cards, auto loans and student loans—rose $78 billion between July and September to $11.7 trillion. Debt levels had fallen the previous quarter and remain $1 trillion below their peak in 2008.
http://online.wsj.com/articles/americans-borrowing-more-briskly-for-cars-homes-1416931220
For the most part, consumers are taking on new loans carefully, yet late payments on one fast-growing category of debt—student loans—are worsening, new figures from the Federal Reserve Bank of New York show.
Household debt—including mortgages, credit cards, auto loans and student loans—rose $78 billion between July and September to $11.7 trillion. Debt levels had fallen the previous quarter and remain $1 trillion below their peak in 2008.
http://online.wsj.com/articles/americans-borrowing-more-briskly-for-cars-homes-1416931220
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