According to The Kobeissi Letter, US household debt surged by $93 billion in Q4 2024 to a record $18.04 trillion, as reported by the NY Fed. This significant rise reflects a $3.90 trillion increase over the last five years, with credit card debt reaching $1.21 trillion. Traders should monitor potential impacts on consumer spending and credit markets.

According to The Kobeissi Letter, total US household debt surged by $93 billion in Q4 2024, setting a new record of $18.04 trillion, as reported by the NY Fed. The largest increase was observed in credit card debt, which reached $1.21 trillion, impacting consumer credit behavior and potential spending power, which traders should monitor closely for market implications.