Following up on an earlier post, this Reuters story by Jonathan Spicer reports that
Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped. Total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report published on Tuesday. The proportion of overall debt that was delinquent, at 4.8 percent, was on par with the previous quarter. However a red flag was raised over the transitions of credit card balances into delinquency, which the New York Fed said "ticked up notably."
Go here for the New York Fed's full report. If you look at pages 12 to 15, you'll see that the level of delinquency has dropped significantly since the Great Recession for most loan types, with one major exception: student loans.
