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The debt climbed by $604 billion in comparison to October–December 2022.
Americans' indebtedness on credit cards rose by $50 billion to $1.13 trillion, on mortgage loans - by $112 billion, and on student loans - by $2 billion, to $1.6 trillion over the course of the quarter.
According to the regulator, there has been a continuous increase in car loan debts since the second quarter of 2020, with a $12 billion increase to $1.61 trillion.
By the end of December, the percentage of cases with a substantial delinquent (90 days or more) was 1.42%, down from 1.03% at the end of 2022.
source: cnn.com
Americans' indebtedness on credit cards rose by $50 billion to $1.13 trillion, on mortgage loans - by $112 billion, and on student loans - by $2 billion, to $1.6 trillion over the course of the quarter.
According to the regulator, there has been a continuous increase in car loan debts since the second quarter of 2020, with a $12 billion increase to $1.61 trillion.
By the end of December, the percentage of cases with a substantial delinquent (90 days or more) was 1.42%, down from 1.03% at the end of 2022.
source: cnn.com
