U.S. household debt jumped in Q4 to $13.15 tln:
U.S. household debt jumped in Q4 to $13.15 tln: "The Federal Reserve Bank of New YorkÃ¢Â€Â™s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $193 billion (1.5%) to $13.15 trillion in the fourth quarter of 2017. This report marks the fifth consecutive year of positive annual household debt growth. There were increases in mortgage, student, auto, and credit card debt (increasing by 1.6%, 1.5%, 0.7% and 3.2% respectively) and another modest decline in home equity line of credit (HELOC) balances (decreasing by 0.9%). The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data." The news fits with the broad upward trajectory on U.S. growth, though there were some "regional differences" in terms of housing and mortgage data.