- Credit card balances rose 4.6% to a record $1.03 trillion
- Auto loan balances rose $20 billion to $1.58 trillion
- Mortgage balances largely unchanged at $12.01 trillion
These numbers are: 1) a reminder of how mortgages are the overwhelming sources of debt 2) How credit card lenders are making an annualized $200 billion in interest payments at current levels above 20%.
