U.S. household debt reached a new all-time high in the first quarter of the year, clocking in at $18.8 trillion, according to data from the New York Federal Reserve.
Mortgages and auto loans pushed the figure higher. The former now stands at $13.2 trillion and the latter at $1.69 trillion. In turn, student loan debt decreased slightly, but the data showed, many borrowers are falling behind: more than 10% of balances are now past due.
