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Just Released: Household Debt Balances Increase as Deleveraging Period Concludes

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Abstract

The New York Fed released the Quarterly Report on Household Debt and Credit for the third quarter of 2014 today. Balances continued to rise slightly, with an overall increase of $78 billion. The aggregate household debt balance now stands at $11.71 trillion, up 0.7 percent from the previous quarter, but still well below the peak of $12.68 trillion in the third quarter of 2008.

Suggested Citation

  • Andrew F. Haughwout & Donghoon Lee & Joelle Scally & Wilbert Van der Klaauw, 2014. "Just Released: Household Debt Balances Increase as Deleveraging Period Concludes," Liberty Street Economics 20141125, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:86996
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    File URL: https://libertystreeteconomics.newyorkfed.org/2014/11/just-released-household-debt-balances-increase-as-deleveraging-period-concludes.html
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    More about this item

    Keywords

    Defaults; Mortgages; Deleveraging; Consumer debt; Foreclosures;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior

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