household debt

Delinquency rates are at their highest level since the Great Recession.

A report from the Federal Reserve shows household debt levels have climbed to all-time highs, led by a record jump in credit card debt—and a rise in defaults.

Here’s a look at the impact of the Federal Reserve’s series of interest rate hikes on U.S. household debt.

With Federal Reserve data showing household debt climbing above $17 trillion, the average American household is just over $14,000 away from reaching a “breaking point” at which it will be unable to continue paying off loans, according to a study by WalletHub.