Household debt index
Mortgage balances —the largest component of household debt—rose by $162 billion in the second quarter to $9.4 trillion, just higher than the previous high of $9.3 trillion from the third quarter of 2008. Non-housing balances increased by $37 billion in the second quarter, with a $17 billion increase in auto loan Household debt Houshold debt is defined as all liabilities of households (including non-profit institutions serving households) that require payments of interest or principal by households to the creditors at a fixed dates in the future.