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U.S. consumer debt snapshot. Average loan balances grew for most types of consumer debt in 2023. Credit cards—the debt products with the highest average interest rates for consumers—grew the most.
It’s also worth noting that consumer debt is on the rise. Mortgage balances hit $12.59 trillion during the third quarter of the year, while auto loan balances reached $1.64 trillion.
The country’s overall debt load reached a new peak of $17.9 trillion, thanks to across-the-board growth in mortgage, auto, credit card, education, and other consumer debt, according to Federal ...
Economic statistics; ... Consumer and Government Debt as a % of GDP (United States) ... In economics, consumer debt is the amount owed by consumers (as opposed to ...
The amount of credit card debt written off through the first three quarters of 2024 reached $45.7 billion, up 46% from the same period a year ago. ... 800-290-4726 more ways to reach us. Sign in ...
The following lists sort countries by Stock of loans and debt issued by households as a percentage of GDP ... United States: 74.44 78.03 75.86 ... Statistics; Cookie ...
Consumer borrowing spiked by $23.75 billion in November, more than doubling economists’ expectations for a $9 billion increase and sending outstanding credit balances north of the $5 trillion ...
According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.