Auto loans hit record high and some other consumer debt rising, New York Fed says

A recent report from the New York Fed indicates that US consumers have taken out a record amount in auto loans. This increase occurred during the second quarter.

In addition to auto loans, other types of consumer debt have also risen. Credit card and home equity balances have increased.

Further details on these trends can be found in the full report from the New York Fed, as reported by the Galveston County Daily News and originally from Reuters.