All Time High U.S. Households Debts and Stocks Price Q3 2017.
The all time high word is a cliche these days, applicable to stock market price levels and to U.S. household debts as well. During Q3 U.S. total debt risen to $12.96 Trillion, surpassing the peak of Q3 2008 total debt by $280bil.
- Credit Card Debt seen the most growth YoY
- +.20% rise in deliquency rate for Credit Card, overall rate stood flat YoY.
- source https://www.newyorkfed.org/microeconomics/hhdc.html
See table below*
Perhaps this time is different from 2008, with the rising strong economy, the debt goes along with it. After the data revealed, IMF warned about debt binges, says it will be short lived https://www.bloomberg.com/news/articles/2017-10-03/growth-boosts-from-household-debt-will-be-short-lived-imf-warns
Stocks and ETF's Quarterly and YTD Performance: