This Is What $11.15 Trillion Worth Of Household Debt Looks Like

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, Aug 14, 2013 This Is What $11.15 Trillion Worth Of Household Debt Looks Like The New York Fed just published its latest Quarterly Report On Household Debt And Credit. "In Q2 2013 total household indebtedness fell to $11.15 trillion; 0.7% lower than the previous quarter and 12 percent below the peak of $12.68 trillion in Q3 2008," said the NY Fed in a press release. "Mortgages, the largest component of household debt, fell $91 billion from the first quarter." "Total auto loan balances increased $20 billion from the previous quarter, the ninth consecutive quarterly increase and the largest quarter over quarter increase since 2006," they added. Here are some of the highlights via the NY Fed: Outstanding student loan debt increased $8 billion to $994 billion. Credit card balances increased $8 billion to $668 billion. Total mortgage debt decreased to $7.84 trillion from $7.93 trillion. HELOC balances fell $12 billion to $540 billion. Mortgage originations rose to $589 billion, the seventh consecutive quarterly increase. 200,000 individuals had new foreclosure notations added to their credit reports, the first increase since Q1 2012 but still 65 percent below the peak in Q2 2009. Here's the NY Fed's chart: Read » Also On Markets Today: TECH STOCKS FALL: Here's What You Need To Know Michigan Judge Says Detroit Bankruptcy Is Unconstitutional, Demands Filing Be Withdrawn Advertisement CHART OF THE DAY: China's GDP Numbers Look Almost Too 'Smooth' To Be True CHART OF THE DAY: The Chinese Premier's 2 Favorite Economic Indicators Look Super Depressing CHART OF THE DAY: Here's What It Looks Like When The Bond Market Goes Into A Coma Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Markets RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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