Key facts
- Total household debt rose by $120 billion to $17.69 trillion in the first quarter.
- Mortgage delinquencies decreased by 0.1 percentage points to 1.4% of outstanding balances.
- Auto loan delinquencies fell by 0.2 percentage points to 2.1%.
- Credit card delinquencies increased by 0.3 percentage points to 3.1%.
- 30-day delinquency rates on all debt types rose by 0.2 percentage points to 2.5%.
Overall household debt in the U.S. increased by $120 billion to a record $17.69 trillion in the first quarter, according to the New York Federal Reserve's quarterly household debt and credit report. Despite the rise in total debt, the report indicated an improvement in overall delinquency rates.