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4d ago

U.S. Household Debt Reaches $18.39 Trillion as Delinquencies Climb

The end of the federal student loan moratorium has pushed serious delinquencies to 10.2%, signaling growing consumer financial stress.

A man passes by the cornerstone on the Federal Reserve Bank of New York in the financial district in New York City, U.S., March 4, 2019. REUTERS/Brendan McDermid/File Photo
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Overview

  • Total household debt rose by $185 billion in the second quarter, a 1% increase to $18.39 trillion driven by housing, credit card and auto borrowing.
  • Student loan balances of $1.64 trillion saw 10.2% of balances 90 days or more past due after paused payments resumed reporting.
  • Delinquent balances across all loan types reached 4.4%, the highest share since before the pandemic, with credit card and auto loan trouble rates remaining elevated.
  • Housing-related debt increased by $131 billion to $12.94 trillion, while FHA-backed mortgages in Southern states and Puerto Rico recorded rising 30-day delinquency flows.
  • Credit card debt matched last year’s peak at $1.21 trillion and auto loans climbed $13 billion to $1.66 trillion as consumers bought ahead of tariff changes.