Total household debt climbed to a record $18.6 trillion last quarter, and while most borrowers remain on track with payments, young Americans are feeling the pressure.

During the third quarter, 3 percent of outstanding balances became seriously delinquent — 90 days or more past due — the largest quarterly increase since 2014, according to the Federal Reserve Bank of New York. Among those ages 18 to 29, the rate was about 5 percent — more than double a year earlier and the highest of any age group.

Much of that strain reflects

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