U.S. households took on more debt in the second quarter, but overall delinquency rates stabilized from the previous three-month period, suggesting that consumers could still prop up the national economy, according to the Federal Reserve Bank of New York.
The New York Fed’s latest report—a quarterly assessment of household debt and credit conditions—found that total household debt increased by $109 billion, or 0.6 percent, to $17.8 trillion in the second quarter.
