The U.S. Consumer Debt Crisis

Maxed Out: Inside America's $1.14 Trillion Credit Card Debt Crisis

Consumers are collectively $1.12 trillion in credit card debt. Everyday borrowers share how they're navigating our modern-day debt machine.

The U.S. Consumer Debt Crisis - Debt.org

Consumer debt reached $14.56 trillion after the fourth quarter of 2020, according to the New York Federal Reserve.

Household Debt and Credit Report

Total household debt rose by $109 billion to reach $17.80 trillion, according to the latest Quarterly Report on Household Debt and Credit.

Consumer Debt Is High, but Consumers Seem to Have Room to Run

Chart 2 shows that credit card debt has increased by almost $0.2 trillion since 2021 (blue line). Over the same period, the share of credit card ...

Consumers Have a Debt Problem: Not Enough of the Right Kind - WSJ

Consumer debt hit $17 trillion for the first time last year, according to the Federal Reserve Bank of New York's Quarterly Report on Household ...

Household Debt Rose by $184 Billion in Q1 2024

The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.

Americans Are Carrying Record Household Debt in 2024

At the start of the year, US household debt reached a record high of $17.3 trillion, according to data from the Federal Reserve Bank of New York (NYFRB).

Americans have racked up a trillion dollars in credit card debt ... - CNN

Credit card balances hit a fresh nominal high of $1.13 trillion in the October-through-December period, according to the New York Fed, the third ...

Young Adults and Consumer Debt: The Quiet Crisis Next Time

The levels of consumer debt that are impacting young adults today are unsustainable and debilitating—both for the households afflicted and the country as a ...

Consumer Debt Surges Again as Broke Americans Try to Make ...

The double whammy of rising debt and interest rates exacerbates the debt problem. Average credit card interest rates eclipsed the previous ...

Americans are facing a credit card debt crisis - Business Insider

Americans are facing a credit card debt crisis · US consumers are struggling with soaring credit card debt and rising interest rates. · Experts ...

Experian Study: Average U.S. Consumer Debt and Statistics

The total US consumer debt balance increased to $17.1 trillion in 2023, up 4.4% from $16.38 trillion in 2022. Growth in 2023 was slower than the 7% increase ...

American Credit Card Debt Hits a New Record—What's Changed ...

Specifically, the share of all active accounts that carried a balance declined from 50% to 45% from April 2020 to December 2021. Percentage of ...

America's Silent Consumer Debt Crisis - Lakelaw

Entering 2025, more and more Americans are falling behind on their bills as consumer debt continues to skyrocket. US households are relying more heavily on ...

Consumer Debt: Understanding the Pros and Cons - Investopedia

High levels of consumer debt put people in a precarious financial condition. This can lead to bankruptcies, foreclosures, defaults, and more if the economy ...

Understanding the National Debt | U.S. Treasury Fiscal Data

Tax cuts, stimulus programs, increased government spending, and decreased tax revenue caused by widespread unemployment generally account for sharp rises in the ...

America's Credit Card Debt Crisis - Newsweek

An estimated 56 million credit cardholders in the country having been in debt for at least a year, according to a new survey by Bankrate shared with Newsweek.

Chart: U.S. Consumer Debt Climbs to $17.3 Trillion - Statista

As a result, mortgages accounted for 82 percent of the increase in total consumer debt since Q4 2019, followed by auto loans and credit card ...

Household debt - Wikipedia

United States · Household debt as a % disposable income rose from 68% in 1980 to a peak of 128% in 2007, prior to dropping to 112% by 2011. · Household debt as a ...

US consumer debt soared to new heights in the run-up to the ... - CNN

Consumer borrowing spiked by $23.75 billion in November, more than doubling economists' expectations for a $9 billion increase.