The Fed's Quarterly Report on Household Debt and Credit show overall debt hit a new high in the fourth quarter of 2017.

The composition of the debt has changed. Mortgage debt is still below the 2008 peak.

Aggregate household debt balances increased in the fourth quarter of 2017, for the 14th consecutive quarter, and are now $473 billion higher than the previous (2008:Q3) peak of $12.68 trillion. As of December 31, 2017, total household indebtedness was $13.15 trillion, a $193 billion (1.5 percent) increase from the third quarter of 2017. Overall household debt is now 17.9 percent above the 2013Q2 trough.

Number of Accounts by Type

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The number of auto loan accounts well exceeds the 2008 peak, while the number of mortgage loan accounts is well below the previous peak.

Mortgage Originations by Credit Score

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Credit Score Percentiles

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Credit scores show how the housing bubble formed. Things are comparatively benign now.

Auto Loan Scores

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Auto loan scores have improved since 2008 but they represent a problem area.

Percent of Balance 90 Days or Over Delinquent

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Auto loan delinquencies are on the rise. I believe those student loan numbers are massaged.

Total Balance by Delinquency Status

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That chart looks as if it's in a bottoming process. Rising interest rates, rising rent, and rising medical expenses will eat up every bit of wage gains.

Mike "Mish" Shedlock

Household Debt Still Below 2008 Peak

Household Debt Summary. Household debt for the first quarter of 2016 is up $136 billion. Mortgage debt, up $120 billion, accounts for most of the gain. Student loan debt, up $29 billion, accounts for most the rest. Total household debt still below 2008 peak

Household Debt Climbs to Record High, Delinquencies Rise

The quarterly report on household debt shows another record high. Delinquencies are up strongly as well.

Household Debt Reaches New Peak: A Very Deflationary Setup

Aggregate household debt balances rose by $116 billion in the third quarter of 2017. As of September 30, 2017, total household indebtedness was $12.96 trillion. This increase put overall household debt $280 billion above its 2008 Q3 peak, and 16.2 percent above the 2013 Q2 trough.

Household Debt Hits Record High $13.29 Trillion Led by Mortgages, Student Loans

A New York Fed report shows household debt hit a new record high of $13.29 trillion in the second quarter.

Household Debt Up 18 Consecutive Quarters to a New Record, Card Stress Rising

Household debt is up 18 consecutive quarters to a new record high. Credit card stress is on the rise in most age groups.

Auto Loans, Student Debt Lead Household Re-Leveraging

Mortgage debt remained essentially flat in 2015 but the brief period of household debt deleveraging ended in 2013.

Serious Credit Card Delinquencies Rise for the Third Straight Quarter: Trend Not Seen Since 2009

Every quarter, the New York Fed publishes a report on Household Debt and Credit.

Debt and Deleveraging: Did the U.S. Overcome the Debt Crisis?

Citing the latest report on “Debt and Deleveraging” by the McKinsey Global Institute

Ticking Time Bomb of Record High Corporate Debt

The Fed released its "Z1" report today on Household Net Worth and Domestic Nonfinancial Debt. Let's dive into debt.