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Reuters

Reuters

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Business & Economics

NY Fed finds rising consumer debt amid some fraying for car loans

Reuters
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81% Informative

Overall debt levels held by Americans rose modestly in the final quarter of last year .

Credit card balances where up by $45 billion from the prior quarter to $1.21 trillion .

Mortgage balances ticked up $11 billion to $12.61 trillion amid a rise in mortgage creation.

The New York Fed report zeroed in on issues with lending for automobiles.