Household debt is dangerously close to 2008 levels.
Americans are taking on a lot more debt, and household debt has risen at an alarming rate.
Total household debt climbed to $12.58 trillion at the end of 2016. This was an increase of $266 billion from the third quarter.
While that may sound alarming, there is one big difference between now and 2008. So far there have been fewer delinquencies. Furthermore, there have been fewer bankruptcy filings.