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    Home » U.S. Household Debt Rises by $313 million in Q2
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    U.S. Household Debt Rises by $313 million in Q2

    August 4, 20211 Min Read
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    The total US household debt increased by 2.1% in the second quarter of 2021, expanding by $313 billion to $14.96 trillion, largely backed by a rise in mortgage originations.

    • Mortgage balances, the largest component of US household debt, increased by $282 billion in the second quarter, reaching $10.44 trillion.
    • Among non-mortgage debt components, credit card balance rose by $17 billion in Q2. Auto loans increased by $33 billion as student loans declined by $14 billion.
    • As of June, 2.7% of outstanding debt was in the delinquency stage, a two-point percentage decrease from the 4ht quarter of 2019.
    • The percentage of mortgage balances delinquent 90 days or more dropped to 0.3% as forbearance is still an option and foreclosure was largely on hold.

    Auto loans and credit card debt’s 90-day delinquency rate decreased by 1.6% and 3.4% for auto loans and credit card debt respectively.

    DXY down -0.24%, EUR USD up +0.26%Source: New York Fed

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