Credit Card Debt Less of a Problem as Other Debt Grows
The latest Household Debt and Credit report is out for 2020 Q4. Aggregate household debt balances increased by $206 billion in the fourth quarter of 2020, a 1.4% rise from 2020Q3, and now stand at $14.56 trillion. Balances are $414 billion higher than at the end of 2019. Balances Mortgage balances shown on consumer credit …