From Federal Reserve Bank of Cleveland, Economic Trends, "
Consumer Debt and the Housing Market" by Yuliya Demyanyk and Amy Higgins:
Household debt has been shrinking since 2009, and the latest data show the trend continues. Total consumer debt outstanding fell from $11.23 trillion dollars in the first quarter of 2013 to $11.15 trillion in the second quarter (Equifax, FRB NY CCP). In contrast, however, two components of overall debt rose over that period: Auto loans went up from $749 billion to $800 billion, and student loans went up from $986 billion to $994 billion.
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