EconomyUS auto loans hit record high in second quarter, New York Fed says
US consumers borrowed a record amount through auto loans in the second quarter, according to the New York Fed. Its latest household debt and credit report, released on Tuesday, also showed increases in credit card balances and home equity balances. The figures point to broader growth in household borrowing during the period.
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Reuters★★★☆☆2026-08-11 16:45Original
US auto loans hit record high in second quarter, New York Fed says
Economy