New York Federal Reserve: Total household debt increased by $185 billion in the second quarter compared to the first quarter, reaching $18.39 trillion. Mortgage debt increased by $131 billion in the second quarter compared to the first quarter, reaching $12.94 trillion. In the second quarter, car loan debt increased by $13 billion compared to the first quarter, reaching $1.66 trillion. The overall default rate remained at a high level of 4.4% in the second quarter, and the proportion of overdue student loans increased. This indicates that although the US economy is developing, more is still being improved through loans, and overdue loans, especially student loans, are likely to represent an increase in employment pressure. This article is sponsored by Bitget | @ Bitgetzh