- US household debt increased by $333B in Q4
- Total household debt hits $15.58 trillion
- Credit card balances rose $52B in Q4, the largest increase in 22-year history of the survey
- Overall credit card balances still $71B lower than peak at the end of 2019
- Auto loan balances rose by $15B in Q4
- Mortgage balances rose by $258B in Q4 to $10.93T
- Full report
Never underestimate the spending power of the US consumer. Home price rises feed right back into spending. It won't be long before we're at new highs.
