On May 12, The Federal Reserve Bank of New York’s Household Debt and Credit Report revealed that aggregate household debt balances were largely flat in the first quarter of 2015. At of the end of March, total household indebtedness was $11.85 trillion, a $24 billion, or a 0.2 percent, increase during the first quarter of this year. The slowdown in growth can be attributed to negligible uptick in mortgage balances, which are the largest component of household debt. Release.
