CNN —
Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, according to new data released Wednesday.
US household debt (not adjusted for inflation) moved up to a fresh record total of $17.94 trillion as of September 30, according to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit.
Balances grew across all major debt categories, with credit cards and auto loans continuing to see the biggest gains.
However, by and large, most households have
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