Consumers in the United States had over **** trillion dollars in debt as of the first quarter of 2025. The majority of that debt were home mortgages, amounting to approximately **** trillion U.S. dollars. Student and car loans were the second and third largest component of household debt. Why is consumer debt important? Debt influences the Consumer Sentiment Index, which is an important indicator assessing the state of the U.S. economy. The U.S. housing market is also seen a bellwether of the economic conditions in the country. The housing industry employs a large number of people, and mortgages are large investments that consumers will pay off over the course of years, sometimes decades. Because of this, financial analysts closely watch consumer debt and its effects on the demand for housing. Attitudes towards debt Consumer perception of debt differed, depending on the kind of debt in question. While most saw a home mortgage as a positive investment, they increasingly looked at student loan debt as a negative debt. With education costs increasing, people are incurring more student loan debt in the United States. Credit card debt also had negative connotations.

The Mortgage Debt Outstanding table is no longer being updated. All of the series that were published in this table can be found in the Financial Accounts of the United States.

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

Despite a short period of decrease after the burst of the U.S. housing bubble and the global financial crisis, the total amount of mortgage debt in the United States has been on the rise in recent years. In 2024, the mortgage debt amounted to 20.83 trillion U.S. dollars, up from 13.5 trillion U.S. dollars a decade ago. Which factors impact the amount of mortgage debt? One of the most important factors responsible for the growth of mortgage debt is the number of home sales: The more home transactions, the more mortgages are sold, adding to the volume of debt outstanding. Additionally, as house prices increase, so does the gross lending and debt outstanding. On the other hand, high numbers of housing unit foreclosures and mortgage debt restructuring and short-sales can reduce mortgage debt. Which property type has the largest share of the mortgage market? The total mortgage debt includes different property types, such as one-to-four family residential, multifamily residential, commercial, and farm, but the overwhelming share of debt can be attributed to mortgage debt one-to-four family residences.

Debt service ratios, interest and obligated principal payments on debt, and related statistics for households, Canada.

View quarterly updates and historical trends for US Mortgage Debt. from United States. Source: Federal Reserve Bank of New York. Track economic data with …

Graph and download economic data for Mortgage Debt Outstanding, All holders (DISCONTINUED) (MDOAH) from Q4 1949 to Q3 2019 about debt and USA.

The mortgage debt service ratio in the United States remained fairly stable in 2024, after recovering from a dip in 2020 and 2021. The ratio measures the mortgage debt service payments as a percentage of disposable personal income during a specific quarter and shows the financial burden placed on households by mortgage borrowing. In the fourth quarter of 2024, the total required mortgage payments amounted to approximately **** percent of disposable personal income. This was substantially lower than the spike recorded during the subprime mortgage crisis.

Key information about United States Household Debt

• United States Household Debt reached 18,585.0 USD bn in Sep 2025, compared with the reported number of 18,388.0 USD bn in the previous quarter
• US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Sep 2025
• The data reached an all-time high of 18,585.0 USD bn in Sep 2025 and a record low of 4,540.0 USD bn in Mar 1999

• In the latest reports, United States Household Debt accounted for 61.4 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in United States increased 22,298.1 USD bn YoY in Oct 2025
• United States Foreign Exchange Reserves was measured at 38.3 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Aug 2025
• United States Domestic Credit reached 31,813.3 USD bn in Mar 2025, representing an increased of 4.0 % YoY

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

Consumer debt in the U.S. has kept rising, reaching new highs in mortgage, credit card, auto, and student loan balances. Two real‑world impacts: Homebuyers face steeper payments because mortgage balances and rates are rising, tightening affordability. And millions of student loan borrowers resumed payments today, triggering spikes in delinquency rates...

Monthly credit aggregates for the household sector, by category.

Households Debt in the United States decreased to 68.30 percent of GDP in the first quarter of 2025 from 69.40 percent of GDP in the fourth quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Debt Balance Mortgages in the United States increased to 13.07 Trillion USD in the third quarter of 2025 from 12.94 Trillion USD in the second quarter of 2025. This dataset includes a chart with historical data for the United States Debt Balance Mortgages.

The total average non-mortgage debt of Baby Boomers in the United States amounted to nearly 18,470 U.S. dollars in 2024. Debt balances, however, varied greatly according to the generation. The Generation X held the highest debt on average, while the silent generation held the lowest average debt.

Concept: Household debt service ratio – Expected household debt payments to disposable income ratio as a quarterly moving average, seasonally adjusted. Household debt – Ratio of total household debt held by financial institutions to disposable income accumulated over the past twelve months. Source: Central Bank of Brazil – Department of Economics 2260140c-3df6-4cff-93ce-48c888fb567c 20399-household-debt-service-ratio-without-mortgage-loans---seasonally-adjusted-data

Concept: Household debt service ratio – Expected household debt payments to disposable income ratio as a quarterly moving average, seasonally adjusted. Household debt – Ratio of total household debt held by financial institutions to disposable income accumulated over the past twelve months. Source: Central Bank of Brazil – Department of Economics d2af82c5-ea70-4f44-a417-beea00851ccf 20400-household-debt-without-mortgage-loans

Mortgage Debt: Farm: Federal & Rel Agencies: FMHA data was reported at 7.092 USD bn in 2017. This records an increase from the previous number of 6.459 USD bn for 2016. Mortgage Debt: Farm: Federal & Rel Agencies: FMHA data is updated yearly, averaging 3.682 USD bn from Dec 1949 (Median) to 2017, with 69 observations. The data reached an all-time high of 10.742 USD bn in 1986 and a record low of 195.000 USD mn in 1949. Mortgage Debt: Farm: Federal & Rel Agencies: FMHA data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB010: Mortgage Debt Outstanding: Annual.

United States Mortgage Debt: Farm: Individuals data was reported at 12.887 USD bn in Jun 2018. This records a decrease from the previous number of 13.084 USD bn for Mar 2018. United States Mortgage Debt: Farm: Individuals data is updated quarterly, averaging 14.712 USD bn from Dec 1949 (Median) to Jun 2018, with 269 observations. The data reached an all-time high of 64.611 USD bn in Mar 1982 and a record low of 2.355 USD bn in Dec 1949. United States Mortgage Debt: Farm: Individuals data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB009: Mortgage Debt Outstanding.

Distribution of purchase mortgages by debt-to-income ratio for U.S. home buyers in 2024, showing market share across different DTI ranges from less than 20% to more than 50%