U.S. household debt surpasses 2008 Q3 peak.

The Federal Reserve Bank of New York recently released its Quarterly Report on Household Debt and Credit stating that debt balances have surpassed the 2008 Q3 peak:

“Aggregate household debt balances increased in the first quarter of 2018, for the 15th consecutive quarter, and are now $536 billion higher than the previous (2008Q3) peak of $12.68 trillion.” 

debt US consumer
Source: Federal Reserve Bank of New York | "Quarterly Report on Household Debt and Credit 2018" | Quarterly Report on Household Debt and Credit | 05/31/2018 | Visit