US household debt has reached a new high of $12.8 Trillion. This figure exceeds the debt levels reached in 2008 at the height of the Global Financial Crisis(GFC). A strong economy with low unemployment rates is allowing American consumers to take on more debt. As a results debts of all types from credit cards to auto loans have been increasing.
The following is an inforgraphic showing the various types of debts of American households:
Click to enlarge
Source: The Consumer Debt Burden, Manning & Napier
