NY Fed: Household debt rose 0.1% in Q2

<ul><li>Credit card balances rose 4.6% to a record $1.03 trillion</li><li>Auto loan balances rose $20 billion to $1.58 trillion</li><li>Mortgage balances largely unchanged at $12.01 trillion</li></ul><p>These numbers are: 1) a reminder of how mortgages are the overwhelming sources of debt 2) How credit card lenders are making an annualized $200 billion in interest payments at current levels above 20%.</p>

This article was written by Adam Button at www.forexlive.com.