Mumbai, Aug. 7 -- A latest update from the Federal Reserve Bank of New York shows total household debt has risen to $18.39 trillion when adjusted for inflation - that figure is about $1.05 trillion less than the all-time peak in the last quarter of 2008. It has increased by $4.24 trillion since the end of 2019, just before the pandemic recession. Around 4.4% of household debt is at some stage of delinquency- which is elevated, according to the bank. It noted further that credit card balances have also risen to match last year's all-time high, to a collective of $1.21 trillion, up 2.3% from the previous quarter and are 5.87% above the level a year ago. Mortgage balances shown on consumer credit reports grew by $131 billion during the second ...