New number on Family debts In the United States It caused concern for many. According to the third quarter of 2025 report. Record numbers In total and also in four of the five categories.
The New York Federal Reserve report indicated this Total debt increased by US$197 billionan increase of 1%, which is on the number 18.59 billion US dollars. In nominal terms, this is a number that has never been reached in terms of household debt in the North American country.
Along with the record that the total number meant, they also arrived Unprecedented indicators in four of the five categories that constitute the report. These are:
For its part, the category of mortgage-backed loans is the only one that remains below par Highest level ever.
Although this number is considered unprecedented in nominal terms, The current debt is not the highest in history in real terms. According to analysis WalletHubWhen adjusting for inflation, another piece of information appears. With this correction, the current number of household debts becomes about $990 billion less than its level in 2008.
Moreover, the New York Federal Reserve report gave Deviation data. With the average remaining at 4.5% at the general levelAnd the signs were not all negative.
As for Early defaultreligion grew into categories Credit cards And student loansBut declines were recorded in the rest of the departments.
On the other hand, the numbers are worrying Move to serious default. This indicator is reached when outstanding debts reach or exceed 90 days.
This indicator has reached 3.03% and achieved a strong increase year on year. For the same period in 2024, the percentage reached 1.68%. Despite the growth in total, the auto loan, credit card and mortgage categories showed stability.
As Bankrate analyst Ted Rossman told News4 San Antonio, The middle and low-income sectors feel the financial pressures more than others And those who fall into debt more than others. Despite the record numbers, he wasn’t worried.
According to your vision Household debt will continue to grow Due to the adoption of different payment methods by more and more people.
He noted that along with population growth Increased use of credit cards to replace cashWhich raises the debt figure. “I’m not as worried as the total number would have you believe,” he said.
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