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Household debt in Great Britain 2008-10. Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans.A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012.
Countries by household debt, loans and debt securities as % of GDP 1980 to 2022 [1]; Country 2022 2021 2018 2017 2016 2015 2010 2005 2000 1995 1990
The latest quarterly Household Debt and Credit Survey from the New York Fed showed that total U.S. consumer debt was nearly $8 trillion at the end of the third quarter of 2024, a record high.
US household debt (not adjusted for inflation) moved up to a fresh record total of $17.94 trillion as of September 30, according to the Federal Reserve Bank of New York’s latest Quarterly Report ...
As of the end of 2023, Americans had racked up an all-time record of $1.13 trillion in credit card debt. Total debt levels reached $17.503 trillion, or $104,215 per household. Part of this was due ...
It is sponsored by the United States Federal Reserve Board in cooperation with the U.S. Treasury Department. Since 1992, data have been collected by the National Opinion Research Center at the University of Chicago, located in Chicago, Illinois. Data from the survey are widely used, from analysis at the Federal Reserve and other branches of ...
Data from the Federal Reserve Bank of New York showed a $312 billion increase in total household debt to $16.15 trillion in the second quarter of 2022. Credit card debt, in particular, increased ...
The debt increase of $1.6 trillion represents approximately $12,700 per household (assuming 126.2 million households in 2017), while the $3.6 trillion represents $28,500 per household. [ 22 ] CBO ten-year outlook 2020–2030 (during the COVID-19 pandemic)