The Changing Makeup of Consumer Debt

Mortgage debt makes up a noticeably smaller share of total consumer debt than it did a decade ago, according to the latest Equifax National Consumer Credit Trends Report, covering data for March 2018. According to the Equifax report, mortgage debt now accounts for 71.2 percent of total consumer debt. That’s down from 78.4 percent in …

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Source: DS News

2018-05-23T16:18:59-06:00