The debts of American families destroy $ 18,040,000,000,000 with increased delinquency rates, according to the FBI in New York
The total amount of home debt in the United States has risen to a new standard.
In its separate report on the debts of families and credit, New York dramatized him He says The total household debt reached the highest level in 21 years of $ 18.04 trillion at the end of the second quarter of 2024.
This is an increase of $ 93 billion on a quarter of a quarter of a quarter and an increase of $ 3.9 trillion since the end of 2019.
Real estate mortgages constitute the largest part of the American household debt, with $ 13 trillion by the end of December last year.
Car loans hovering at $ 1.66 trillion, followed by student loans with $ 1.61 trillion, credit cards at $ 1.21 trillion and another with $ 550 billion.
New York Reserve Bank data also shows that Americans are struggling to pay their credit card and other debt types.
The rates of delinquency are increasing with leaving 11.4 % of the unpaid credit cards balance .
Meanwhile, 4.8 % of car loans, 0.7 % of mortgages, 0.5 % of student loans and 0.5 % of the HELOC line are dilapidated for more than three months during the same period.
“The rates of total delinquency increased slightly in the fourth quarter of 2024. As of December, 3.6 percent of the distinguished debt was at some point in delinquency, up from 3.5 percent in the third quarter … moving to serious courage, which was defined. However, it is 90 days or more, because of the auto loans, credit cards and Heloc balances, but it remained stable for the mortgages.
In the midst of the increasing rates of delinquency, the Federal Reserve says that about 123,000 Americans had bankruptcy blogging added to their credit reports in the last quarter of 2024.
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