Student loans drive household debt


Household debt is set to surpass levels not seen since its prior peak a decade ago.

Lending Tree predicts that total consumer debt will exceed $4 trillion by the end of 2018.

The culprit is not mortgages, but student loans, according to a Lending Tree.

LendingTree's analysis of data from the Federal Reserve found that mortgage-related household debt has fallen by 5.5 percent while total consumer credit – revolving credit and installment loans – has increased by 45 percent since the third quarter…

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