In 2022, the student loan default rate in the United States was highest for borrowers in the bottom 25 percent of the family income bracket, at 41 percent. In comparison, borrowers in the top 25 percent were least likely to default on their student loans.

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q2 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q2 2025 about disposable, payments, personal income, debt, percent, households, personal, income, services, and USA.

Real consumer debt is now higher than its prior peak during the global financial crisis, driven in part by increases in credit card debt. Although the share of credit card debt transitioning into delinquency has risen, it remains below levels seen during the global financial crisis. Moreover, debt-to-income measures remain historically low, suggesting that consumers in aggregate may have more room to run up debt before experiencing further financial stress.

The non-financial Annual Sector Accounts (ASA) are compiled in accordance with the European System of Accounts (ESA 2010) and are transmitted by the EU Member States, EFTA Members (except Liechtenstein) following ESA2010 transmission programme (Table 8) established by the Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, annexes A and B respectively).

The ASA encompass non-financial accounts that provide a description of the different stages of the economic process: production, generation of income, distribution of income, redistribution of income, use of income and non-financial accumulation. The ASA record the economic flows of institutional sectors in order to illustrate their economic behaviour and interactions between them. They also provide a list of balancing items that have high analytical value in their own right: value added, operating surplus and mixed income, balance of primary incomes, disposable income, saving, net lending / net borrowing. All of them but net lending / net borrowing, can be expressed in gross or net terms, i.e. with and without consumption of fixed capital that accounts for the use and obsolescence of fixed assets.

In terms of institutional sectors, a broad distinction is made between the domestic economy (ESA 2010 classification code S.1) and the rest of the world (S.2). Within S.1 and S.2, in turn, more detailed subsectors are distinguished as explained in more detail in section "3.2 Classification system".

Data are presented in the table "Non-financial transactions" (nasa_10_nf_tr).

The table contains data, as far as they are available, expressed in national currency and millions of euro in current prices.

In line with ESA2010 Transmission programme requirements data series start from 1995 (unless subject to voluntary transmission option and/or country specific derogations). Countries may transmit longer series on voluntary basis.

Available level of detail by sectors and transactions may also vary by country due to voluntary transmission of some items (as defined in ESA2010 transmission programme) and country specific derogations.

ASA collected according ESA2010 Transmission programme include selected data on employment (in persons and hours worked) by institutional sectors. However, as transmission of these variables is voluntary (except for the sector of General government), data availability may vary significantly across countries.

A set of key indicators, deemed meaningful for economic analysis, is available in the table "Key indicators" (nasa_10_ki) for most of the members of the European Economic Area (EEA), of the Euro area and EU.

Key ratios are derived from non-financial transactions as follows:

• Gross household saving rate (S.14_S.15): B8G/(B6G+D8rec-D8pay)*100;
• Gross investment rate of households (S.14_S.15): P51G/(B6G+D8rec-D8pay)*100;
• Gross investment rate of non-financial corporations (S.11): P51G/B1G*100;
• Gross profit share of non-financial corporations (S.11): B2G_B3G/B1G*100;
• Total investment to GDP ratio (S.1): P51G/B1GQ*100;
• Business investment to GDP ratio: (S.11_P51G+S.12_P51G)/B1GQ*100;
• Government investment to GDP ratio: S.13_P51G/B1GQ*100;
• Households investment to GDP ratio: (S.14_S.15_P51G)/B1GQ*100.

With the following transaction codes:

• B8G - Gross saving;
• B6G - Gross disposable income;
• D8rec / D8pay - the adjustment for the change in pension entitlements (receivable / payable);
• P51G - Gross fixed capital formation;
• B1G - Gross value added;
• B1GQ – Gross domestic product;
• B2G_B3G - Gross operating surplus/ mixed income.

In the above, all ratios are expressed in gross terms, i.e. before deduction of consumption of fixed capital.

The following key indicators are calculated in real or nominal terms:

• Real growth of household adjusted disposable income per capita (percentage change on previous period, S.14_S.15): B7G/(POP_NC*Price Deflator);
• Nominal growth of household adjusted disposable income per capita (percentage change on previous period, S.14_S.15): B7G/(POP_NC);
• Real growth of household actual consumption per capita (percentage change on previous period, S.14_S.15): P4/(POP_NC*Price Deflator).

With the following codes (the codes already described above have not been listed):

• B7G - Gross adjusted gross disposable income (adjusted for social transfers in kind);
• P4 - Actual final consumption (adjusted for social transfers in kind);
• POP_NC - Total population national concept (source:Quarterly national accounts, Eurobase domain namq_10_pe);
• Price deflator - Price index/implicit deflator calculated as CP_MEUR/CLV10_MEUR – both indicators refer to households and NPISH final consumption expenditure (P31_S14_S15) (source: Quarterly national accounts, Eurobase domain namq_10_gdp).

The following key indicators combine non-financial with financial accounts:

• Gross return on capital employed, before taxes, of non-financial corporations (S.11): [B2G_B3G/(AF2+AF3+AF4+AF5, liab)]*100;
• Net debt-to-income ratio, after taxes, of non-financial corporations (S.11): ([(AF2+AF3+AF4, liab)/(B4N-D5pay)]*100);
• Net return on equity, after taxes, of non-financial corporations (S.11): [(B4N-D5pay)/(AF5, liab)]*100
• Gross debt-to-income ratio of households (S.14_15): [(AF4, liab)/(B6G+D8net)]*100;
• Household net financial assets ratio (BF90/(B6G+D8net)).

With the following codes (the codes already described above have not been listed):

• B4N - Net entrepreneurial income;
• D5pay - Current taxes on income and wealth;
• AF2 - Currency and deposits;
• AF3 - Debt securities (excluding financial derivatives);
• AF4 - Loans;
• AF5 - Equity and investment fund shares;
• BF90 – Financial net worth.

"rec" means resources, that is transactions that add to the economic value of a given sector.

"pay" means "uses", that is transactions that reduce the economic value of a given sector.

"liab" refers to the stock of liabilities incurred by a given sector and recorded in the financial balance sheets.

See also the sector accounts dedicated website for more information.