Total household debt reached $17.80 trillion in Q2 2024, up 4.5% year over year. Delinquency risk is rising in key categories, with credit card 90+ day delinquency hitting 3.21% and auto loan 90+ day delinquency reaching 3.22% in Q2 2024. These figures show how growing balances are turning into tighter monthly cash-flow pressure.
Key Takeaways
- Total auto loan debt outstanding was $1.63 trillion in Q2 2024, up 2.4% YoY
- As of Q2 2024, credit card debt balances reached $1.13 trillion, up 9.6% year-over-year and a record high
- 90+ day mortgage delinquency steady at 0.65% in Q2 2024
- Total student loan debt outstanding reached $1.61 trillion in Q2 2024, held by 42.5 million borrowers
- As of Q2 2024, total household debt in the US reached $17.80 trillion, marking a 0.5% increase from Q1 2024 and a 4.5% rise year-over-year
Consumer debt is rising, signaling growing financial stress for households across the country.
Related reading
01 · Category
Auto Loans26 stats
01
Total auto loan debt outstanding was $1.63 trillion in Q2 2024, up 2.4% YoY
02
Average new auto loan amount: $39,500in Q2 2024, up 1.5% YoY
03
Total auto loan balances held by 108.2 million borrowers at $1.63T in Q2 2024
04
Auto loan delinquency rate 90+ days: 3.22% in Q2 2024, highest since 2011
05
Average used auto loan: $25,856in Q1 2024, with 9.55% APR
06
New auto loan APR averaged 7.43% for super prime, 14.61% subprime in Q1 2024
07
Auto loan originations: $149B in Q2 2024, down 3% YoY
08
42% of new cars financed with loans averaging 68 months term in 2023
09
Total auto debt per borrower: $15,074average in 2023
10
Auto loan balances grew $11B QoQ to $1.63T in Q2 2024
11
Subprime auto delinquency: 5.5% in Q2 2024 per Equifax
12
Average auto loan payment: $742/month for new cars in 2024
13
85 million Americans have auto loans, totaling $1.6T+ in 2024
14
Auto loan term averaged 69.6 months for new in Q1 2024
15
Serious delinquency on auto loans up 60% since 2021 to 1.7M accounts
16
Millennials hold 37% of auto debt, $600B total in 2023
17
Auto loan debt service: 8.5% of income for debtors in 2023
18
Used car loan originations: $42.5B/month average 2024
19
Auto debt by state: CA highest at $160B in 2023
20
Negative equity on auto loans: 27% of balances in Q2 2024
21
Average auto debt for Gen Z: $14,000rising fast in 2024
22
Auto loan rates: 8.6% avg new, 14.5% used in Q3 2024
23
Total auto loans 90+ delinquent: 80B in balances Q2 2024
24
Lease originations up 12% YoY, part of auto market
25
Auto debt growth slowed to 2.7% YoY amid high rates 2024
26
Avg monthly payment hit $745for new autos Q2 2024
Interpretation
Auto Loans Interpretation
Americans are now financing their daily commutes with nearly five-figure average loans stretched over six-year terms, as delinquency rates quietly shift into a gear we haven't seen since the last recession, proving that the open road is increasingly paved with monthly payments.
02 · Category
Credit Card Debt27 stats
01
As of Q2 2024, credit card debt balances reached $1.13 trillion, up 9.6% year-over-year and a record high
02
Average credit card debt per cardholder was $6,501in Q1 2024, up 4.7% from 2023
03
Total US revolving credit card debt hit $1.211 trillion in July 2024 per G.19
04
49% of US cardholders carried a balance over $1,000 in 2023, averaging $7,321
05
Credit card delinquency rate for balances 90+ days was 3.21% in Q2 2024, highest since 2011
06
Average credit utilization rate was 27% in Q2 2024 per TransUnion
07
Total credit card accounts: 483 million in 2023, with $1.08T balances
08
Credit card debt grew $41 billion in Q2 2024, fastest quarterly rise in 2 years
09
27% of Americans have credit card debt over $10,000 as of 2024 survey
10
Average interest rate on credit cards reached 21.59% in Q3 2024
11
Credit card balances per borrower: $7,321average in 2023
12
45 million Americans carry $1,000+ in CC debt, totaling $500B+ in 2023
13
Credit card debt as % of total consumer credit: 22% in Q2 2024
14
TransUnion reports 5.3% YoY growth in CC balances Q2 2024
15
Average CC debt for Gen Z: $2,800in 2023, up 15% YoY
16
1 in 5 cardholders maxed out cards in 2024, per Equifax
17
Credit card originations up 6.2% YoY to 20.1M in Q2 2024
18
Serious delinquency (90+) on CC rose to 9.1% annualized in Q2 2024
19
Average new CC debt per account: $4,500in 2023
20
34% of CC debt held by top 20% income earners in 2023
21
CC balances increased 11.76% YoY as of Aug 2024 per Fed
22
Women hold 32% more CC debt than men on average ($7,179 vs $5,437) in 2023
23
CC debt service burden: 12% of disposable income for debtors in 2023
24
62% of CC holders can't pay off monthly, averaging $9,000 debt, 2024 poll
25
Total CC debt by millennials: $450B in 2023
26
CC delinquency transitions up 50% for subprime in 2024
27
Average CC limit: $13,000but used 80% by 15% of users in 2024
Interpretation
Credit Card Debt Interpretation
The American dream seems to have been generously pre-approved, as we collectively celebrate a record $1.13 trillion in credit card debt with a 21.59% interest-rate party favor, suggesting we're not just buying things we can't afford but financing the optimism with historically high delinquency rates.
03 · Category
Mortgage Debt25 stats
01
90+ day mortgage delinquency steady at 0.65% in Q2 2024
02
Total mortgage debt balances: $12.52 trillion in Q2 2024, up 0.4% QoQ
03
Average mortgage balance: $252,000per borrower in Q1 2024
04
30-year fixed mortgage rate averaged 6.95% in Q3 2024
05
Total home-secured debt including HELOC: $12.9T in Q2 2024
06
Mortgage delinquency (30-89 days): 2.98% in Q2 2024
07
FHA loan delinquency: 10.62% in Q1 2024
08
Average mortgage payment: $2,034/month including escrow in 2024
09
52 million mortgage accounts outstanding totaling $12T+ in 2023
10
Mortgage debt grew $87B in Q2 2024
11
Jumbo mortgage avg balance: $726K in Q1 2024
12
Serious delinquency on mortgages: 0.89% in Q2 2024
13
Home equity debt: $380B in HELOCs Q2 2024, up 5.3% YoY
14
65% of US adults have mortgage debt, avg $240K in 2023
15
Mortgage rates peaked at 7.79% Oct 2023, now 6.5% avg 2024
16
VA loan delinquency: 4.28% in Q1 2024
17
Total mortgage originations: $1.66T in 2023, down 35% YoY
18
Avg LTV on mortgages: 55% in Q2 2024 per Equifax
19
Mortgage debt by millennials: 20% of total, rising fast
20
Refinance share of originations: 25% in Q2 2024
21
Mortgage payment shock from rate hikes: +$300/month avg 2023-2024
22
Prime jumbo delinquency: 0.25%, subprime 3.5% in 2024
23
Total mortgages in forbearance: 115K, 0.25% of serv portfolio Q2 2024
24
Avg mortgage balance by state: HI $511K, DC $481K in 2023
25
HELOC balances +$17B QoQ to $380B Q2 2024
Interpretation
Mortgage Debt Interpretation
While the foundation of the American housing market appears robust with historically low serious delinquencies and manageable overall debt growth, the cracks are beginning to show in the form of significant payment shock, soaring FHA defaults, and a worrying reliance on rising home equity debt, suggesting that beneath the calm surface, many households are paddling furiously just to stay afloat.
More related reading
04 · Category
Student Loan Debt26 stats
01
Total student loan debt outstanding reached $1.61 trillion in Q2 2024, held by 42.5 million borrowers
02
Average federal student loan debt per borrower: $38,375as of Q4 2023
03
Total student debt grew to $1.77 trillion including private loans by mid-2024
04
43 million Americans have student debt, averaging $37,127 per borrower in 2024
05
Student loan delinquency rate (90+ days) was 7.02% in Q2 2024
06
14.4% of student loan balances transitioned to serious delinquency in Q1 2024
07
Average student debt for bachelor's degree holders: $37,500in 2023
08
Total grad student debt: $927 billion, averaging $74,750 per borrower in 2023
09
1 in 4 student loan borrowers behind or in default as of 2024
10
Student debt per capita for ages 20-29: $13,800in 2023
11
Federal student loans: $1.56T of total, with 5.05% default rate on entered repayment
12
Average monthly student loan payment: $524for 2023 grads
13
Black borrowers hold $195B in student debt, 8% of total but 13% higher default
14
Student debt balances stable QoQ at $1.61T in Q2 2024 per NY Fed
15
39% of borrowers owe under $10K, but 7% owe over $100K in 2023
16
Parent PLUS loans: $112B total, averaging $25,000 per loan in 2023
17
Student loan debt grew 3% YoY to $1.61T despite forgiveness
18
Avg debt at graduation: $29,800for 2023 class, up 2.7% YoY
19
18% of student debt held by 30-39 age group, $300B total
20
Delinquency on student loans: 21.8% for private loans in 2023
21
Total SLM Corp student loans: $5.3B managed, part of market
22
Student debt-to-income for recent grads: 12% average in 2024
23
Forgiveness programs paused, 8M borrowers affected, $400B+ debt
24
Avg debt by major: Nursing $40K, Arts $27K in 2023
25
Student loan balances +$12B QoQ in Q2 2024
26
45% of households headed by 25-34 yo have student debt, avg $42K
Interpretation
Student Loan Debt Interpretation
America’s higher education system has perfected a kind of alchemy, transforming the dream of a degree into a trillion-dollar anchor of anxiety for millions, proving that the most valuable lesson learned is often how to survive the bill.
05 · Category
Total Household Debt30 stats
01
As of Q2 2024, total household debt in the US reached $17.80 trillion, marking a 0.5% increase from Q1 2024 and a 4.5% rise year-over-year
02
In Q1 2024, aggregate consumer credit outstanding grew to $5.09 trillion, up 1.3% from the previous quarter according to G.19 data
03
US household debt as a percentage of disposable personal income stood at 98.7% in Q2 2024, down slightly from 99.2% in 2023
04
Total non-housing consumer debt hit $5.28 trillion in Q2 2024, comprising credit cards, auto, student, and other loans
05
By end of 2023, total US consumer debt balances were $17.5 trillion, with mortgages dominating at 72%
06
Household debt service payments as a percentage of disposable income averaged 9.65% in Q2 2024, stable from prior periods
07
In 2023, the average household debt balance per person with debt was $104,215,up 5% from 2022
08
Total US household debt grew by $145 billion in Q2 2024 alone, driven by mortgages and credit cards
09
As of 2024, 78% of US adults carry some form of debt, averaging over $90,000 per household
10
Federal Reserve data shows total revolving consumer credit at $1.34 trillion in July 2024, part of broader debt
11
In Q4 2023, total debt held by US households reached $17.5 trillion, with a debt-to-GDP ratio of 75%
12
Average American household debt excluding mortgage was $47,554as of 2023
13
Total consumer debt per capita in the US was approximately $52,000in 2023
14
Household debt balance increased 3.2% YoY to $17.8T in Q2 2024, per NY Fed Quarterly Report
15
Non-mortgage consumer debt totaled $5.28 trillion in Q2 2024, up from $5.11T in Q2 2023
16
US total debt service ratio for households was 9.58% in Q1 2024
17
In 2022 SCF, median household debt was $148,000including home-secured
18
Total household indebtedness rate was 74.9% in 2023 per credit bureau data
19
Aggregate US consumer loans and leases outstanding: $3.52 trillion in Q2 2024
20
Household debt grew $212 billion in Q1 2024 to $17.65 trillion
21
Average total debt for Americans over 18 was $61,878in 2023
22
Total US debt balances rose 1% QoQ in Q2 2024 per TransUnion
23
Household debt-to-income ratio averaged 36% in 2023
24
Total debt in forbearance dropped to 1.5% of balances in 2024
25
US households with debt: 272 million accounts totaling $17T+ in 2023
26
Total consumer debt increased 4.8% YoY as of mid-2024
27
Per NY Fed, total debt balances +$317B YoY in Q2 2024
28
Average household debt load: $103,358in 2023 excluding mortgages
29
Total household liabilities per SCF 2022: $148,000median
30
Consumer debt outstanding excluding student/auto/CC: $122B in Q2 2024
Interpretation
Total Household Debt Interpretation
The numbers paint a sobering, relentlessly cheerful portrait: America is meticulously building a mountain of debt, brick by expensive brick, while whistling past the graveyard of disposable income.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Kevin O'Brien. (2026, February 13). Consumer Debt Statistics. Gitnux. https://gitnux.org/consumer-debt-statistics
MLA
Kevin O'Brien. "Consumer Debt Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/consumer-debt-statistics.
Chicago
Kevin O'Brien. 2026. "Consumer Debt Statistics." Gitnux. https://gitnux.org/consumer-debt-statistics.
Sources & references
38 datasets cited across this report · attribution is report-level