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Federal Reserve Report Digs Into Consumer Debt

A new Federal Reserve report is out that describes the status of household debt and credit developments in the third quarter of 2011.

The report shows the total amount of indebtedness is still mostly contracting.

Federal Reserve Report Digs Into Consumer Debt

The number of credit card accounts is still down to near decade low levels.

Federal Reserve Report Digs Into Consumer Debt

Car loans are slightly increasing while new mortgages continue to dwindle.

Federal Reserve Report Digs Into Consumer Debt

Credit cards still have a balance of 90+ day late balances.

Federal Reserve Report Digs Into Consumer Debt

Average credit scores are in the 690 range.

Federal Reserve Report Digs Into Consumer Debt

The states with the highest amount of debt per person. Looks like New Jersey is the up and coming target for increasing consumer debt.

Federal Reserve Report Digs Into Consumer Debt

Federal Reserve Report Digs Into Consumer Debt
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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