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Americans' debt level rises in third quarter

Reuters logo Reuters 3 days ago
a bunch of different street signs: U.S. one dollar bills blow in this photo illustration near the Andalusian capital of Seville© REUTERS/Marcelo Del Pozo U.S. one dollar bills blow in this photo illustration near the Andalusian capital of Seville

Americans' debt level rose during the third quarter, driven by an increase in mortgage loans, according to a Federal Reserve Bank of New York report published on Tuesday.

Total U.S. household debt was $12.96 trillion in the three months to September, up $116 billion from the prior three months. Debt levels were $605 billion higher than during the third quarter of 2016.

The proportion of overall debt that was delinquent rose slightly to 4.9 percent from 4.8 percent.

(Reporting by Jason Lange; Editing by Chizu Nomiyama)

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