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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

JANUARY 13, 2024

The largest increase in any category was credit card debt, which swelled by 16.6% Auto loan and mortgage debt increased by 4%, while student loan debt saw a modest rise of 1.6%. It is important to remember that household debt is primarily composed of mortgages, auto loans, credit cards and student loans.

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