Data shows that U.S. household debt has increased by $185 billion in the past three months.
Updated: 5:41 PM CDT August 5, 2025
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U.S. household debt has increased by $185 billion in the past three months, with a total debt of $18.39 trillion in total in the past three months, according to the latest data from the Federal Reserve Bank of New York. The figure is up 1% from the previous quarter, when total debt was 18.19 Trillion. The Federal Reserve Bank of New York publishes reports on household debt and credit every three months, providing a snapshot of borrowing and debt trends such as mortgages, student loans, credit cards, auto loans, automatic loans, home equity, line of credit and other types of debt. Housing debt, such as mortgages and home equity loans, rose $149 billion, up 1.1% from April to June. Non-housing debt rose by $45 billion, about 0.9% higher than in the first quarter. Non-housing debt includes auto loans, credit cards, student loans and other types of debt. All categories exclude other types of debt categories, with balances rising in the second quarter. Mortgage balances rose by $131 billion, credit cards increased by $27 billion, auto loans increased by $13 billion, and student loans increased by $7 billion. Americans aged 40-49 continue to bear the highest total debt of all ages. Their total rose by $50 billion this quarter, bringing it to $4.81 trillion. The lowest personal debt for aged 18-29 is $1.1 trillion. The following figure shows how debt between different age groups changes from 2003 to 2003 2025.phnjcmlwdcb0exblpsj0zxh0l2phdmfzy3jpchqipifmdw5jdglvbigpeyj1c2ugc3ryawn0ijt3aw5kbbbbbb3cuywrkrkrkrxzlbnrmaxnrmaxnrmaxn0zw5lcigibibibibibibwvzc2fnz cc2fnz cc2fnz SIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoIml mcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlb nRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmmlwdD4=
Washington –
U.S. household debt has increased by $185 billion in the past three months to a total of $18.39 trillion, according to the latest data from the Federal Reserve Bank of New York.
That's a 1% increase from the previous quarter, when total debt was $18.19 trillion.
The Federal Reserve Bank of New York publishes reports on household debt and credit every three months, providing a snapshot of borrowing and debt trends such as mortgages, student loans, credit cards, auto loans, automatic loans, home equity, line of credit and other types of debt.
Housing debt, such as mortgages and home equity loans, rose $149 billion, up 1.1% from April to June.
Non-housing debt rose by $45 billion, about 0.9% higher than in the first quarter. Non-housing debt includes auto loans, credit cards, student loans and other types of debt.
All categories exclude other types of debt categories, with balances rising in the second quarter.
Mortgage balances rose by $131 billion, credit cards increased by $27 billion, auto loans increased by $13 billion, and student loans increased by $7 billion.
Americans aged 40-49 continue to bear the highest total debt of all ages. Their total rose by $50 billion this quarter, bringing it to $4.81 trillion.
Currently, the minimum debt owes for individuals aged 18-29 is US$1.1 trillion.
The following figure shows how debts for different age groups have changed from 2003 to 2025.