Consumer Debt for the Bottom 90% of US Households Increased by $300B Over the Last Year

Per Bloomberg

Federal Reserve data show that consumer debt for the bottom 90% of US households has increased by $300 billion over the last year.

The FEDs define consumer debt as student loans, vehicle loans, credit card loans, and other consumer-related loans.

Household debt for the top 10% remained flat this year, as per the data.