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New York Fed: Household debt, student loan delinquencies climb

New York Fed: Household debt, student loan delinquencies climb

Americans increased their borrowing in the final three months last year and, in a worrisome note, are struggling more with auto and student loans, according to a study by the Federal Reserve Bank of New York. Outstanding household debt rose a modest 1%, or $117 billion, from the third quarter as families became more comfortable with higher credit card balances, according to the bank's quarterly report, released Tuesday. The report's findings are consistent with trends showing that the widespread reduction in household debt — the after-effects of the Great Recession — has ended at more sustainable levels. Even with the uptick, household debt remains around 6.7% below...

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