Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

The average amount of non-mortgage debt held by consumers in the United States has been falling steadily during the past years, amounting to ****** U.S. dollars in 2023. While respondents had ****** U.S. dollars of debt in 2018, that volume decreased to ****** U.S. dollars in 2019, which constituted the largest year-over-year decrease.What age groups are more indebted in the U.S.?The age group with the highest level of consumer debt in the U.S. was belonging to the Generation X with approximately ******* U.S. dollars of debt in 2022. The next generations with high consumer debt levels were baby boomers and millennials, whose debt levels were similar. In comparison, credit card debt is more equally distributed across all ages. There is an exception among people under 35 years old, who are significantly less burdened with credit card debt. However, most consumers expect to get rid of their debt in the short term. College expenses as a source of debtEducational expenses were not among the leading sources of debt among consumers in the U.S. in 2022. Instead, they made up about ** percent of the total. However, around ** percent of undergraduates from lower-income families had student loans, while over a fifth of undergraduates from higher-income families had student loans. Independently of how they cover these expenses, the confidence of students and parents about being able to pay these college costs was high in most cases.

The UK's average credit card debt per household grew by *** British pounds between December 2021 and December 2022, the first increase since 2020. Standing at ***** British pounds at December 2022, the figure contrasts with the decline in 2020 – when the debt declined from ***** British pounds to ***** British pounds. That particular drop was likely a result of Covid-19's economic impact, and consumers trying to get rid of their credit card debt. The increase in 2022 may be caused by growing interest rates and the cost of living crisis beginning to take shape.

Clients seeking financial advice from the debt charity StepChange in the United Kingdom had on average approximately ***** British pounds of unsecured credit card debt in 2022. On average, the new clients of this charity owed more unsecured debt from personal loans than from any other type of credit.

Key information about Russia Household Debt

• Russia Household Debt reached 395.3 USD bn in Jan 2025, compared with the reported number of 382.7 USD bn in the previous month
• Russia Household Debt: USD mn data is updated monthly, available from Dec 2000 to Jan 2025
• The data reached an all-time high of 525.1 USD bn in Jun 2022 and a record low of 1.7 USD bn in Dec 2000

CEIC converts monthly Household Debt into USD. The Bank of Russia provides Household Debt in local currency based on MFSM 2016. The Bank of Russia period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to December 2014 is based on MFSM 2000.


Further information about Russia Household Debt

• In the latest reports, Russia Household Debt accounted for 20.4 % of the country's Nominal GDP in Mar 2024
• Money Supply M2 in Russia increased 1,189.6 USD bn YoY in Jan 2025
• Russia Foreign Exchange Reserves was measured at 386.4 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 14.9 Months of Import in Oct 2024
• Russia Domestic Credit reached 1,404.0 USD bn in Dec 2024, representing an increased of 19.6 % YoY

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

The value of the debt per adult in Europe in 2022 varied a lot from country to country. While Swiss adults had on average over ******* U.S. dollars of debt in 2022, adults from Azerbaijan had a debt of *** dollars. Meanwhile, the average volume of debt in Europe that year was almost ****** U.S. dollars per adult. The household debt to disposable income ratio in Europe follows a similarly varied distribution. As varied as the volume of debts in Europe are, the most common forms of debt are still very similar and they tend to include: credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.

Key information about Chile Household Debt

• Chile Household Debt reached 122.2 USD bn in Jan 2025, compared with the reported number of 121.3 USD bn in the previous month
• Chile Household Debt: USD mn data is updated monthly, available from Jan 2009 to Jan 2025
• The data reached an all-time high of 137.1 USD bn in Mar 2023 and a record low of 40.7 USD bn in Jan 2009

CEIC converts monthly Household Debt into USD. The Financial Market Commission provides Household Debt in local currency. The Central Bank of Chile period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans. Household Debt prior to January 2022 is based on International Accounting Standard (IAS) 39.


Further information about Chile Household Debt

• In the latest reports, Chile Household Debt accounted for 39.2 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in Chile increased 192.5 USD bn YoY in Jan 2025
• Chile Foreign Exchange Reserves was measured at 40.9 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 6.5 Months of Import in Feb 2025
• Chile Domestic Credit reached 273.2 USD bn in Nov 2024, representing an increased of 5.5 % YoY

Monthly credit aggregates for the household sector, by category.

In the third quarter of 2022, households in the United States had, on average, ****** U.S. dollars of mortgage debt. That was the biggest component of their personal debt burden. The value per capita of car and student loans was much lower, but still contributed more to the level of household indebtedness than credit cards or HE revolving.

Quarterly financial flows and stocks of household credit market debt, consumer credit, non-mortgage loans, and mortgage loans, on a seasonally adjusted basis.

Brazil Debt Card Transaction: Quarterly: Value data was reported at 259.930 BRL bn in Dec 2024. This records an increase from the previous number of 241.933 BRL bn for Sep 2024. Brazil Debt Card Transaction: Quarterly: Value data is updated quarterly, averaging 236.143 BRL bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 264.121 BRL bn in Dec 2022 and a record low of 151.765 BRL bn in Mar 2019. Brazil Debt Card Transaction: Quarterly: Value data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.KAA001: Credit Card Statistics.

Key information about Australia Household Debt: % of GDP

• Australia household debt accounted for 120.3 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 119.3 % in the previous quarter.
• Australia household debt to GDP ratio is updated quarterly, available from Jun 1988 to Jun 2025.
• The data reached an all-time high of 1,696.5 % in Dec 2023 and a record low of 72.3 % in Dec 2005.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Australian Bureau of Statistics provides Household Debt in local currency and Nominal GDP in local currency.


Related information about Australia Household Debt: % of GDP

• In the latest reports, Australia Household Debt reached 2,192.2 USD bn in Jun 2025.
• Money Supply M2 in Australia increased 7.1 % YoY in Oct 2025.
• Australia Foreign Exchange Reserves was measured at 41.4 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 1.5 Months of Import in Sep 2025.
• Australia Domestic Credit reached 3,883.6 USD bn in Sep 2025, representing an increased of 3.6 % YoY.
• The country's Non Performing Loans Ratio stood at 1.2 % in Jun 2025, compared with the ratio of 1.2 % in the previous quarter.

Households Debt in India increased to 42 percent of GDP in the first quarter of 2025 from 41.90 percent of GDP in the fourth quarter of 2024. This dataset provides - India Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Egypt Household Debt: % of GDP

• Egypt household debt accounted for 7.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 7.4 % in the previous quarter.
• Egypt household debt to GDP ratio is updated quarterly, available from Dec 2002 to Sep 2024.
• The data reached an all-time high of 8.9 % in Mar 2022 and a record low of 6.0 % in Sep 2018.

CEIC calculates Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Central Bank of Egypt provides Household Debt in local currency. The Ministry of Planning, Economic Development and International Cooperation provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about Egypt Household Debt: % of GDP

• In the latest reports, Egypt Household Debt reached 22.9 USD bn in Oct 2024.
• Money Supply M2 in Egypt increased 29.5 % YoY in Oct 2024.
• Egypt Foreign Exchange Reserves was measured at 33.6 USD bn in Nov 2024.
• The Foreign Exchange Reserves equaled 4.4 Months of Import in Apr 2023.
• Egypt Domestic Credit reached 258.1 USD bn in Oct 2024, representing an increased of 29.6 % YoY.
• The country's Non Performing Loans Ratio stood at 2.4 % in Sep 2024, compared with the ratio of 2.7 % in the previous quarter.

Key information about Norway Household Debt

• Norway Household Debt reached 479.5 USD bn in Jun 2025, compared with the reported number of 451.3 USD bn in the previous quarter
• Norway Household Debt: USD mn data is updated quarterly, available from Dec 1995 to Jun 2025
• The data reached an all-time high of 488.2 USD bn in Mar 2022 and a record low of 85.5 USD bn in Jun 1997

CEIC converts quarterly Household Debt into USD. Statistics Norway provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Further information about Norway Household Debt

• In the latest reports, Norway Household Debt accounted for 88.3 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in Norway increased 336.4 USD bn YoY in Oct 2025
• Norway Foreign Exchange Reserves was measured at 78.4 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 8.1 Months of Import in Oct 2025
• Norway Domestic Credit reached 766.9 USD bn in Oct 2025, representing an increased of 3.7 % YoY

Argentinian consumers performed roughly ** credit card payments per capita in 2022, a slight increase from 2022. This according to estimates based off credit card figures from the country's central bank. No information is provided why this number went down in the South American country during the first year of the coronavirus pandemic. Arguably, this could coincide with a trend in the UK of paying off credit card debt during lockdown.

Key information about Norway Household Debt: % of GDP

• Norway household debt accounted for 91.3 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 90.4 % in the previous quarter.
• Norway household debt to GDP ratio is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 116.3 % in Dec 2020 and a record low of 55.5 % in Mar 2001.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Statistics Norway provides Household Debt in local currency and Nominal GDP in local currency.


Related information about Norway Household Debt: % of GDP

• In the latest reports, Norway Household Debt reached 443.2 USD bn in Sep 2024.
• Money Supply M2 in Norway increased 5.1 % YoY in Jan 2025.
• Norway Foreign Exchange Reserves was measured at 79.0 USD bn in Feb 2025.
• The Foreign Exchange Reserves equaled 10.5 Months of Import in Jan 2025.
• Norway Domestic Credit reached 667.0 USD bn in Jan 2025, representing an increased of 3.7 % YoY.
• The country's Non Performing Loans Ratio stood at 0.4 % in Dec 2022, compared with the ratio of 0.3 % in the previous year.

Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Aug 2025 about savings, personal, rate, and USA.

Key information about Brunei Household Debt

• Brunei Household Debt reached 2.3 USD bn in Sep 2025, compared with the reported number of 2.4 USD bn in the previous quarter
• Brunei Household Debt: USD mn data is updated quarterly, available from Mar 2011 to Sep 2025
• The data reached an all-time high of 2.5 USD bn in Jun 2011 and a record low of 2.0 USD bn in Sep 2022

CEIC converts quarterly Household Debt into USD. Brunei Darussalam Central Bank provides Household Debt in local currency. The International Monetary Fund period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Vehicle, Credit Card, Consumer Durables, Home Improvement - Interior Decorations etc., General Consumption and Other Personal Loans, Land Purchases and Constructions, Housing Purchase and Home Improvement (Structural, Renovation, etc.). Household Debt covers Domestic loans only.


Further information about Brunei Household Debt

• In the latest reports, Brunei Household Debt accounted for 15.1 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in Brunei increased 13.5 USD bn YoY in Sep 2025
• Brunei Foreign Exchange Reserves was measured at 3.3 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 5.7 Months of Import in Dec 2024
• Brunei Domestic Credit reached 5.0 USD bn in Dec 2024, representing an increased of 4.7 % YoY