US EditionAmericans' household debt hits new record high, according to report
Total U.S. household debt rose to $18.59 trillion in Q3 2025, with student loan delinquencies hitting nearly 10%, driven by pandemic payment pauses ending.
- Federal Reserve Bank of New York data released Wednesday shows Americans' household debt reached $18.59 trillion from July through September of this year, up $197 billion from the previous quarter.
- Reporting changes and resumed reporting have contributed to missed federal student loan payments from 2020 Q2–2024 Q4 now appearing on credit reports and overall debt rising by $4.4 trillion since the end of 2019.
- Credit card metrics show outstanding balances rose by $24 billion to $1.65 trillion in the third quarter, with the average credit card balance per consumer at $6,523 and about 60% of credit card users with revolving debt.
- Consumers are missing payments, with nearly 10% of student debt 90 days delinquent and 38% reporting difficulty paying bills, as 67% of those behind cite insufficient income, Achieve said Friday.
- More consumers now score at extremes, TransUnion found, with borrowers shifting toward superprime or subprime scores, reflecting a K-shaped economy reshaping credit risk.
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The Business TimesUS household debt hits a new record, NY Fed finds
American households' debt burdens increased to the highest level on record in the third quarter of 2025, according to a new report by the Federal Reserve Bank of New York.The New York Fed's Center for Microeconomic Data released its quarterly report on household debt and credit this week, which showed that household debt rose by $197 billion in the third quarter to a record of $18.59 trillion.Mortgage balances grew by $137 billion in the quarter…
American Household Debt at Record Levels, However Americans Continue to Spend
Household Income by Nick Youngson CC BY-SA 3.0 Pix4free.org Household debt continues to rise as Americans keep spending. Increases in the cost of living have outpaced salary growth, while elevated interest rates have added to the strain. The elimination of Biden-era benefits and loan forgiveness programs has also weighed heavily on many households that had grown accustomed to government relief and easy credit. Total U.S. household debt reached a…
MichaelSavage.com – American Household Debt at Record Levels, However Americans Continue to Spend
Household debt continues to rise as Americans keep spending. Increases in the cost of living have outpaced salary growth, while elevated interest rates have added to the strain. The elimination of Biden-era benefits and loan forgiveness programs has also weighed heavily on many households that had grown accustomed to government relief and easy credit. Total…
Americans owe $18.59 trillion, with credit card balances climbing
American household debt reached a new record high in the third quarter.The Federal Reserve Bank of New York reported total debt balances rose to $18.59 trillion between July and September, a $197 billion increase from the previous quarter.RELATED STORY | Experts issue warnings to credit card users as debt hits record $1.14 trillionMortgage debt grew by $137 billion to $13.07 trillion. Credit card balances jumped $24 billion and are now 5.75% hig…
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