FX.co ★ US Household Debt Hits Another Record

In the second quarter of 2025, total household debt in the United States climbed by $185 billion from the previous quarter, reaching a historic peak of $18.39 trillion. Joelle Scally, an Economic Policy Advisor at the New York Federal Reserve, commented, "The trends in household debt transitioning into serious delinquency varied by debt type this quarter. Credit card and auto loan delinquencies remained stable, while student loan delinquencies continued to rise. Mortgage delinquencies increased slightly; however, the overall mortgage performance is still robust compared to historical standards." During this period, mortgage balances grew by $131 billion, amounting to $12.94 trillion. Credit card debt increased by $27 billion, totaling $1.21 trillion, and auto loan balances rose by $13 billion, reaching $1.66 trillion. Student loan balances also increased by $7 billion, amounting to $1.64 trillion, following the reinstatement of reporting on delinquent student loans. The aggregate delinquency rate remained elevated at 4.4% of outstanding debt.