Consumer Debt Nears Pre-crash Levels
Students hold signs as they stage a demonstration at Hunter College to protest ballooning student loan debt and rally for tuition-free public colleges in New York on November 2015. Cem Ozdel—Anadolu Agency/Getty Images
Debt is back, says new data from the Federal Reserve Bank of New York. U.S. households increased borrowing in 2016—bringing student loan and auto lending balances to new records. But don’t panic yet. Credit scores and delinquency rates look better now than they did in 2008.
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Nicolas Rapp
A version of this article appears in the March 15, 2017 issue of Fortune.
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