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Experts predict "a very slow recovery especially with home prices slowing up a bit'' for these areas to recover.
One in 15 borrowers has considered suicide due to their school loans.
Home prices are also moderating in 33 of 35 of the largest markets.
Home equity loans continue a decade-long decline.
Revolving credit outstanding, which includes credit card debt, increases $2.57 billion in January after a $939 million gain.
At the end of 2018, credit cards were the fourth-largest portion of consumer debt in the U.S.
Student loans are the second largest consumer debt segment and surpass home equity revolving debt.
The record student debt level is more than double the $675 billion outstanding in June 2009 when the recession ended.
"We don't expect a buyer's market on the horizon within the next five years."
For the second quarter in a row, consumers appear to love beer and credit unions.