This Mind-Blowing Debt Graphic Will Probably Make You Sad

Student loans led a rebound in household borrowing last quarter, according to new figures from the Federal Reserve Bank of New York

Recession-scared households have learned to stop worrying and love the loan.

According to new figures from the Federal Reserve Bank of New York, household debt climbed $129 billion in the first quarter of 2014 to $11.65 trillion, marking the third consecutive quarterly increase since the recession. This chart offers a pretty glaring hint as to what form of borrowing is leading the rebound:

Source: FRBNY Consumer Credit Panel

Student loans have more than quadrupled in value since 2003, racking up another $31 billion in loans last quarter. Housing loans also increased by $116 billion thanks to lower rates of foreclosures.

But the new figures also suggest a lingering sense of unease with heavy borrowing (student loans notwithstanding). Credit-card balances dropped $24 billion last quarter and new originations of mortgages fell for a third quarter straight.



Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser

Get every new post delivered to your Inbox.

Join 45,069 other followers