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February 7, 2024

FRBNY consumer debt report indicating continued increase in delinquency rates.

The Household Debt and Credit Report from the FRBNY for the fourth quarter of 2023 was released yesterday. Total household debt increased by $212 billion to $17.50 trillion, driven by a $112 billion increase in mortgage debt, a $50 billion increase in credit card debt, and a $50 billion increase from all other categories combined....
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