Consumer Debt Q2 2017: Mortgage, Credit Card & Auto
Consumer debt reached $12.84 trillion in the second quarter of 2017, surpassing the previous all-time high of $12.68 trillion in 2008 by $164 billion, the Federal Reserve Bank of New York reports in its Quarterly Report on Household Debt and Credit. The report, released earlier this month, marks the 12th consecutive quarterly increase. A rise in…