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U.S. Household Debt Reaches New Record as Some Delinquency Rates Rise

Delinquency rates have been creeping higher for certain loans in a sign some Americans are under growing financial stress as the total debt held by U.S. households hit a new high in the third quarter.

The Federal Reserve Bank of New York said Tuesday that household debt totaled $12.955 trillion last quarter, up 0.9% from the spring for a 13th straight quarterly increase. That was the most on record, though the figure wasn’t adjusted for inflation or population growth.

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