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.

Key information about United States Household Debt

• United States Household Debt reached 18,036.0 USD bn in Dec 2024, compared with the reported number of 17,943.0 USD bn in the previous quarter
• US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024
• The data reached an all-time high of 18,036.0 USD bn in Dec 2024 and a record low of 4,540.0 USD bn in Mar 1999

Federal Reserve Board of New York provides quarterly Household Debt in USD. Household Debt includes Mortgages, Home Equity Revolving, Auto Loans, Bankcards, Student Loans and Others.


Further information about United States Household Debt

• In the latest reports, United States Household Debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in United States increased 21,533.8 USD bn YoY in Dec 2024
• United States Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024
• United States Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY

The tables and interactive maps below allow users to explore the ratio of debt to income by state, metropolitan statistical area, and county for each year since 1999. Household debt is calculated from Federal Reserve Bank of New York (FRBNY) Consumer Credit Panel/Equifax Data, and household income is reported by the Bureau of Labor Statistics.

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.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q1 2025 about disposable, payments, debt, personal income, percent, personal, households, services, income, and USA.

The average consumer debt balance in the United States has peaked in 2024 at roughly ******* U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately ****** U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-07-16 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

As of the third quarter of 2024, the levels of debt from consumer lending in the United States amounted to over five trillion U.S. dollars. The consumer credit debt of households and nonprofit organizations increased steadily in the last decade. Throughout that period, the outstanding consumer credit in the U.S. has also been growing.

Key information about China Household Debt

• China Household Debt reached 11,498.4 USD bn in Jan 2025, compared with the reported number of 11,347.6 USD bn in the previous month
• China Household Debt: USD mn data is updated monthly, available from Jan 2007 to Jan 2025
• The data reached an all-time high of 11,691.0 USD bn in Sep 2024 and a record low of 517.7 USD bn in Jan 2007

CEIC converts monthly Household Debt into USD. The People's Bank of China provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics.


Further information about China Household Debt

• In the latest reports, China Household Debt accounted for 63.3 % of the country's Nominal GDP in Mar 2023
• Money Supply M2 in China increased 44,045.8 USD bn YoY in Sep 2024
• China Foreign Exchange Reserves was measured at 3,209.0 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 13.9 Months of Import in Dec 2024
• China Domestic Credit reached 49,338.1 USD bn in Jan 2025, representing an increased of 7.9 % YoY

Generation X was the group of people with the highest average credit card balance in the United States in the 3rd quarter of 2024. That year, the average credit card debt of generation Z amounted to approximately ***** U.S. dollars. People in the silent generation had a credit card balance of roughly ***** U.S. dollars.

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q1 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

This dataset provides values for HOUSEHOLDS DEBT TO INCOME reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Spain Household Debt

• Spain Household Debt reached 808.2 USD bn in Jun 2024, compared with the reported number of 799.2 USD bn in the previous quarter
• Spain Household Debt: USD mn data is updated quarterly, available from Dec 1989 to Jun 2024
• The data reached an all-time high of 1,512.6 USD bn in Jun 2008 and a record low of 175.7 USD bn in Dec 1989

CEIC converts quarterly Household Debt into USD. Banco de España provides Household Debt in EUR based on ESA 2010. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt prior to Q4 1994 is based on ESA 1995.


Further information about Spain Household Debt

• In the latest reports, Spain Household Debt accounted for 48.9 % of the country's Nominal GDP in Jun 2024
• Money Supply M2 in Spain increased 1,703.1 USD bn YoY in Aug 2024
• Spain Foreign Exchange Reserves was measured at 64.8 USD bn in Sep 2024
• The Foreign Exchange Reserves equaled 1.6 Months of Import in Jul 2024
• Spain Domestic Credit reached 2,284.6 USD bn in Jul 2024, representing an drop of 2.1 % YoY

Key information about Sweden Household Debt

• Sweden Household Debt reached 542.1 USD bn in Sep 2024, compared with the reported number of 517.6 USD bn in the previous quarter
• Sweden Household Debt: USD mn data is updated quarterly, available from Mar 1996 to Sep 2024
• The data reached an all-time high of 595.6 USD bn in Dec 2020 and a record low of 113.7 USD bn in Jun 1997

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


Further information about Sweden Household Debt

• In the latest reports, Sweden Household Debt accounted for 86.2 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in Sweden increased 447.1 USD bn YoY in Oct 2024
• Sweden Foreign Exchange Reserves was measured at 43.4 USD bn in Oct 2024
• The Foreign Exchange Reserves equaled 2.5 Months of Import in Oct 2024
• Sweden Domestic Credit reached 1,000.4 USD bn in Aug 2024, representing an drop of 6.8 % YoY

Key information about Mexico Household Debt

• Mexico Household Debt reached 271.8 USD bn in Dec 2024, compared with the reported number of 280.8 USD bn in the previous quarter
• Mexico Household Debt: USD mn data is updated quarterly, available from Dec 2000 to Dec 2024
• The data reached an all-time high of 320.4 USD bn in Mar 2024 and a record low of 53.5 USD bn in Dec 2000

CEIC converts quarterly Household Debt into USD. The Bank of Mexico provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt includes Mortgages and Consumer Loans.


Further information about Mexico Household Debt

• In the latest reports, Mexico Household Debt accounted for 16.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in Mexico increased 707.1 USD bn YoY in May 2023
• Mexico Foreign Exchange Reserves was measured at 211.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 4.3 Months of Import in Jan 2025
• Mexico Domestic Credit reached 732.4 USD bn in Dec 2024, representing an increased of 14.8 % YoY

The home mortgage debt of households and nonprofit organizations amounted to approximately 13.3 trillion U.S. dollars in the first quarter of 2024. Mortgage debt has been growing steadily since 2014, when it was less than 10 billion U.S. dollars and has increased at a faster rate since the beginning of the coronavirus pandemic due to the housing market boom. Home mortgage sector in the United States Home mortgage sector debt in the United States has been steadily growing in recent years and is beginning to come out of a period of great difficulty and problems presented to it by the economic crisis of 2008. For the previous generations in the United States, the real estate market was quite stable. Financial institutions were extending credit to millions of families and allowed them to achieve ownership of their own homes. The growth of the subprime mortgages and, which went some way to contributing to the record of the highest US homeownership rate since records began, meant that many families deemed to be not quite creditworthy were provided the opportunity to purchase homes. The rate of home mortgage sector debt rose in the United States as a direct result of the less stringent controls that resulted from the vetted and extended terms from which loans originated. There was a great deal more liquidity in the market, which allowed greater access to new mortgages. The practice of packaging mortgages into securities, and their subsequent sale into the secondary market as a way of shifting risk, was to be a major factor in the formation of the American housing bubble, one of the greatest contributing factors to the global financial meltdown of 2008.

The survey asked respondents to compare their expenditure and consumer behaviour (concerning e.g. food, housing, leisure activities, alcohol, travel) to those of the average consumer. The respondents were asked which things and household items they considered necessary and what they would do if they had more money. The survey carried a set of attitudinal statements about consumption and lifestyle (e.g. "I like to drink wine when eating" or "Quality is more important to me than price"). Some questions covered on what grounds respondents made decisions on economical, family or work matters. The extent to which the deep recession of the early 1990s had affected the household was examined. One theme pertained to community identification: whether the respondents felt they were part of their family, workplace, community, Finnish society, and how much their way of spending or borrowing money, etc. was similar to that of other people. The respondents were asked to define different generations and to assess whether there was any conflict between them. They rated the importance of various things (e.g. self-respect, world peace, prosperity, independence) to themselves and the safety of their own life, community, society and the world. Views were probed on how much insecurity e.g. pollution, cuts to certain public services and increasing the national debt would cause. Some questions covered personal feelings of insecurity concerning e.g. livelihood, finances, relationships. The respondents evaluated risks in the present-day society and rated the risk involved in different actions (e.g. contracting a loan, travelling, speeding, flying, using drugs, casual sex). The survey contained questions about the income, expenditure, savings and debts of the respondents and the household. Credit card use, defaults on payments/debts and the resulting bad credit were charted. The respondents were asked what their methods of coping were when short of money, that is, whether they would borrow, reduce expenditure, gamble, etc. Background variables included respondents' sex, tenure, marital status, household size, number of children, basic and vocational education, economic activity, occupation of the respondent, the spouse and parents, experiences of unemployment, financial circumstances, social class, voting in elections and party preference.

Households Debt in Canada decreased to 99.58 percent of GDP in the first quarter of 2025 from 100.39 percent of GDP in the fourth quarter of 2024. This dataset provides - Canada Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households Debt in Canada decreased to 171.10 percent of gross income in 2025 from 173.07 percent in 2024. This dataset provides - Canada Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.