Millions Of Student Borrowers Are Defaulting: They Are 40 Years Old On Average

Millions Of Student Borrowers Are Defaulting: They Are 40 Years Old On Average The NY Federal published its latest report on Household Debt and Credit for the first quarter: the report showed total household debt increased by $18 billion, just a 0.1% increase, in Q1 2026, to $18.8 trillion.  Some details: Mortgage balances shown on consumer credit reports grew slightly by $21 billion during the first quarter of 2026 and totaled $13.19 trillion at the end of March. Balances on...

By Tyler Durden