American households continued to increase debt levels in the third quarter of 2014, according to the New York Fed. Household debt overall increased $78 billion during the quarter. Our collective household debt as a nation now stands at $11.71 trillion. From the NY Fed quarterly report:
As anyone who looked at a tuition bill this last quarter knows, student loan debt makes up a growing percentage of the non-housing debt. The non-housing debt breaks down like this:
Download the full report here.