NY Fed Quarterly Debt Report: American Households Continue to Increase Debt Levels

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.