HOUSEHOLD DEBT AT A NEW HIGH

Household debt hits its highest level and close to the high since the Great Recession (see figure).*  Thoughts are that it will even go higher.  Student loan debt spiked in 2012 and has yet to come down.  Delinquent debt on auto loans is increasing, but most other types of delinquent debt are decreasing (e.g. mortgages, home equity, etc).  Although credit card debt is at a high, delinquent credit card debt has fallen.*

(click on figure to enlarge)

I would think this says something about how much the economy can grow from here.

* https://www.wsj.com/articles/u-s-household-debt-reaches-new-record-as-some-delinquency-rates-rise-1510675253