In the third quarter, household debt soared by $147 billion, with increases across mortgages, credit cards, and auto loans.

Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, according to new data released Wednesday.

Household debt in the U.S. ticked up slightly in the third quarter of 2024, reaching nearly $18 trillion, according to data out today by the New York Fed. At the same time, personal disposable income has also increased, meaning that when you look at ...

US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, but lower-income groups showing signs of financial strain.

Higher debt levels for mortgages, auto loans, credit cards and student loans last quarter drove overall consumer debt to a record of $17.9 trillion.

By Michael S. Derby NEW YORK (Reuters) -Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the New York Federal Reserve said in a report released on Wednesday.