CNN —
Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the aftermath of the Great Recession.
The Federal Reserve Bank of New York on Thursday released its latest comprehensive look at credit conditions for American households in major categories such as mortgages, auto loans, credit cards, home equity lines of credit and student loans.
In the fourth quarter of last year, overall debt levels increased by 0.5% to $18.04 trillion, according to the Quarterly Report on Household Debt and Credit.
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