The record level of indebtedness of Americans

The indebtedness of Americans in the second quarter of this year reached a record level of nearly $ 12,500 billion, thanks to a modest growth in mortgage and car loans and a credit card debt.

In total, US households in the second quarter of this year had $ 12.840 billion in debt, up 552 billion dollars more than a year earlier, data from the Fed's New York branch.

Of this, 4.8 percent of bad loans are the same as in the previous quarter. However, to the caution of the call the information to worsen the debt collection on credit cards.

Easier access to credit has enabled creditors with lower credit ratings to access credit cards, says Andrew Haughwouth.

The current state of debt credit card debt can be an early indicator of future trends, and we will carefully do so when its growth foresees further consumer problems - he said.

The total indebtedness of American households is now about 14 percent above that after the prolongation caused by the financial crisis of 2007-2009. And a deep recession, when the 63-year rising trend of their indebtedness was interrupted.

In the second quarter, mortgage loans in the US were issued in the amount of 8.690 billion dollars, or 329 billion more than last year. Student loans amounted to $ 1.340 billion or 85 billion more, and car loans totaled 1.190 billion or 55 billion more.

• 16 Aug, 2017
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