Two Very Un-Sexy Charts on Consumer Debt

The Federal Reserve Bank of New York just released two charts that show the trend of household debt.

The most alarming trend here is the rapid growth of student loan debt since 2004.

Student Loan Debt 2004-2020

If we look at all debt and the types of loans that are 90+ days delinquent, you will see a big dip in student loan debt but that is artificially created by the CARES Act provisions that put federal student loan on hold until January 1, 2021, when it will be due again.

Both credit cards and auto loans are creeping up as well.

If you want to take a deep dive, read this.

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