Total Household Debt Reaches $17.06 Trillion in Q2 2023; Credit Card Debt Exceeds $1 Trillion
Collection Industry News
AUGUST 17, 2023
The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. Credit card balances increased by $45 billion, from $986 billion in Q1 2023 to a series high of $1.03 Student loan balances fell by $35 billion and stood at $1.57 trillion in the Q2 2023, marking a 4.6%
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