patrick.net

Two new reports highlight the dual financial personalities of American consumers today — one half savvy saver, the other half recovering debt-aholic.
In the last quarter of 2013, consumer debt soared by $241 billion, the sharpest quarter-to-quarter spike since 2007, according to the New York Fed’s recent household credit report.

Americans added $152 billion worth of mortgage debt loads in the fourth quarter of 2013 alone, followed by $53 billion in student loan debt, $18 billion in auto loans, and $11 billion in regular credit card debt.
Read more at:
http://finance.yahoo.com/news/americans-celebrate-economic-recovery-with-debt-%E2%80%94-lots-of-debt-184726069.html

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