Americans are pulling out the plastic. The New York Fed said Tuesday household debt rose by 116-billion-dollars in the third quarter. Credit card debt rose three-percent, while home equity lines of credit fell by nearly one percent. Meanwhile, credit card and auto loan delinquencies ticked up slightly from the second quarter. According to the report, more than eleven percent of all student loan debt is delinquent or in default.
(Source-Bill Meers Media networks)
