Let's continue our look at the Flow of Funds. This document breaks down consumer debt into mortgage, non-mortgage (think revolving credit cards) and total household debt.
Non-mortgage debt is by far the smallest amount of mortgage debt outstanding, coming in right around 2.5 trillion. Notice this debt topped out in early 2008 and has been declining since.
Like revolving credit, mortgage debt appears to have topped out in early 2008, as does
Total household debt.
