NY Fed: Total household debt increased by $82 billion (0.6%) in Q2

"Total household debt increased by $82 billion (0.6%) to $13.29 trillion in the second quarter of 2018," The Federal Reserve Bank of Ne York announced in its report titled 'Quarterly Report on Household Debt and Credit.'

Key quotes

• Overall household debt is now 19.2% above the post-financial-crisis trough reached during the second quarter of 2013.
• Mortgage balances—the largest component of household debt—rose by $60 billion during the second quarter, to $9.00 trillion.
• The number of credit inquiries within the past six months—an indicator of consumer credit demand—was roughly unchanged, and remains among the lowest levels seen in the history of the data.