> is a _LOT_ of debt being added, household debt is up to something like 17 trillion dollars
Household debt to GDP is around at a multi-decade low [1]. Payments as a fraction of disposable income, similarly low [2]. Total debt is rising [3]. But non-housing debt rose 5.8% from Q2 2022 to the same quarter '23; that's about inflation.
Household debt to GDP is around at a multi-decade low [1]. Payments as a fraction of disposable income, similarly low [2]. Total debt is rising [3]. But non-housing debt rose 5.8% from Q2 2022 to the same quarter '23; that's about inflation.
[1] https://fred.stlouisfed.org/series/HDTGPDUSQ163N
[2] https://fred.stlouisfed.org/series/TDSP
[3] https://www.newyorkfed.org/microeconomics/hhdc