Photo: Flickr / Andreas Solberg
The Federal Reserve’s Q4 2011 Flow of Funds Accounts report is out.Household debt climbed by an annual rate of 0.25 per cent in Q4, the first gain since Q2 2008.
Consumer credit grew at an annual rate of 7 per cent, marking the fifth consecutive quarter of increases. At $2.5 trillion, consumer credit is at its highest level since Q1 2009.
Household net worth climbed $1.2 trillion to $58.5 trillion.
Here’s a historical look at the move in debt:
Photo: Federal Reserve