Total US household debt balances are 6.5% below the 12.68 Trillion Dollar Peak of Q3, 2008 and is presently at 11.85 Trillion Dollars for Q1 20015.
Student Loans, Credit Cards, and Auto Loans
- Outstanding student loan balances reported on credit reports increased to $1.19 trillion (+$32 billion) as of March 31, 2015, about a $78 billion increase from one year ago.
- Student loan delinquency rates improved somewhat in the 1st quarter. About 11.1% of aggregate student loan debt is 90+ days delinquent or in default in 2015Q1, from 11.3% in the third quarter.
- Auto loan balances stood at $968 billion, with 3.3% of that balance 90 or more days delinquent.
- Credit card balances decreased slightly, to $684 billion3.
Read more: http://www.businessinsider.com/ny-fed-q1-2015-household-debt-2015-5#ixzz3hqVeWzMT