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

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.

Households Debt in the United States decreased to 69.20 percent of GDP in the fourth quarter of 2024 from 70.50 percent of GDP in the third quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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, personal income, debt, percent, households, personal, income, services, and USA.

In the third quarter of 2024, household debt in the United States amounted to over 71.66 percent of its GDP. It can be generally observed that U.S. households are more indebted by the end of the year than in any other quarter. The debt of households peaked in the last quarter of 2020, reaching the highest value since 2013. Debt to GDP ratio As it can be observed here, the household debt to GDP ratio decreased overall in the recent years. The steady growth of the gross domestic product in the United States could be a factor explaining this tendency. If the volume of debt grows at a slower pace than the GDP, the debt to GDP ratio would decrease. In addition to that, the overall value of mortgage debt in the U.S., which is the most significant component of the household debt, decreased from 2012 to the third quarter of 2014, but it has rebounded since then. Public debt in the U.S. Public debt in the United States, which is the amount of money borrowed by the government to finance budget deficits, has been increasing almost every single year. Not only that, but according to that forecast it is also expected to keep increasing during the coming years. The major holders of American government debt, as of December 2023, were Federal Reserve and government accounts and foreign and international holders. The ratio of national debt to GDP of the United States was higher than that of other major economies, but lower than that of Japan. Some of the lowest debt to GDP ratios were observed in Hong Kong SAR, Kuwait, and Turkmenistan.

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

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-08-27 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

Households that have liquidity problems and solvency problems only

Key information about Ukraine Household Debt

• Ukraine Household Debt reached 7.1 USD bn in Jan 2025, compared with the reported number of 6.9 USD bn in the previous month
• Ukraine Household Debt: USD mn data is updated monthly, available from Dec 2002 to Jan 2025
• The data reached an all-time high of 43.9 USD bn in Sep 2008 and a record low of 685.6 USD mn in Dec 2002

CEIC converts monthly Household Debt into USD. The National Bank of Ukraine provides Household Debt in local currency. The National Bank of Ukraine 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 Ukraine Household Debt

• In the latest reports, Ukraine Household Debt accounted for 3.6 % of the country's Nominal GDP in Dec 2023
• Money Supply M2 in Ukraine increased 81.5 USD bn YoY in Jan 2025
• Ukraine Foreign Exchange Reserves was measured at 36.8 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 5.7 Months of Import in Dec 2024
• Ukraine Domestic Credit reached 58.1 USD bn in Jan 2025, representing an increased of 6.8 % YoY

The consumer debt settlement market is experiencing robust growth, driven by increasing consumer debt levels globally and a rising awareness of debt relief solutions. The market's expansion is fueled by several factors, including the rising prevalence of unsecured debt like credit card and personal loans, economic downturns impacting individual financial stability, and the increasing availability of debt settlement services through both online platforms and traditional financial advisory firms. The segment encompassing open-end loans (like credit cards) and closed-end loans (like personal loans) constitutes a significant portion of the market, reflecting the widespread nature of consumer debt. Within these segments, credit card debt relief remains a dominant area, given the high interest rates and often overwhelming balances associated with these products. Medical and private student loan debt settlement are also exhibiting significant growth, driven by escalating healthcare costs and rising tuition fees respectively. Competition among companies like Freedom Debt Relief, National Debt Relief, and others is intense, leading to innovative service offerings and increased consumer choice. This competition, however, also presents a challenge in terms of maintaining profit margins and ensuring ethical practices within the industry. Regional variations exist, with North America and Europe currently leading the market, but developing economies in Asia-Pacific are poised for substantial growth as consumer credit markets mature. The forecast period (2025-2033) anticipates continued market expansion, although the rate of growth might slightly moderate compared to the historical period (2019-2024) as the market matures. Factors potentially influencing this moderate growth include increased regulatory scrutiny of debt settlement companies, the potential for economic recovery in certain regions leading to reduced consumer need for debt relief, and ongoing efforts to educate consumers about alternative debt management strategies. Despite these factors, the long-term outlook remains positive, driven by the persistent issue of consumer debt and the ongoing need for professional debt resolution services. Further segmentation by loan type and the emergence of new technological solutions for debt management are expected to shape the market landscape in the coming years.

Debt Balance Credit Cards in the United States increased to 1.21 Trillion USD in the second quarter of 2025 from 1.18 Trillion USD in the first quarter of 2025. This dataset includes a chart with historical data for the United States Debt Balance Credit Cards.

The consumer debt settlement market is experiencing robust growth, driven by increasing consumer debt levels globally and a rising need for professional debt management solutions. The market size in 2025 is estimated at $15 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This growth is fueled by several key factors: the increasing prevalence of high-interest debt (credit cards, medical loans, student loans), economic uncertainties leading to financial distress, and the increasing awareness of debt settlement services as a viable alternative to bankruptcy. The market is segmented by debt type (credit card, medical, student loans, and others) and loan type (open-end and closed-end). North America currently holds the largest market share, primarily due to higher consumer debt levels and a well-established debt settlement industry. However, growth in other regions, particularly Asia-Pacific and Europe, is expected to be significant, driven by rising middle classes and increased access to financial services. The competitive landscape is characterized by a mix of large national firms and smaller regional players. Companies like Freedom Debt Relief, Rescue One Financial, and National Debt Relief are key market leaders, leveraging their brand recognition and established processes. However, the market also presents opportunities for smaller firms specializing in niche areas like medical debt settlement or student loan consolidation. The market faces challenges, including stringent regulatory environments, concerns about ethical practices within the industry, and the need to build trust with financially vulnerable consumers. To mitigate these challenges, companies are focusing on transparent pricing, improved customer service, and enhanced technological solutions to streamline the debt settlement process. Future growth will depend on factors such as economic conditions, regulatory changes, and the continued evolution of financial technologies that support consumer debt management.

Key information about Croatia Household Debt: % of GDP

• Croatia household debt accounted for 32.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 32.7 % in the previous quarter.
• Croatia household debt to GDP ratio is updated quarterly, available from Mar 2012 to Sep 2024.
• The data reached an all-time high of 43.2 % in Jun 2012 and a record low of 31.5 % in Dec 2023.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Croatian National Bank provides Household Debt in EUR. Croatian Bureau of Statistics provides Nominal GDP in EUR. Household Debt includes NPISH.


Related information about Croatia Household Debt: % of GDP

• In the latest reports, Croatia Household Debt reached 30.4 USD bn in Sep 2024.
• Money Supply M2 in Croatia increased 6.4 % YoY in Nov 2024.
• Croatia Foreign Exchange Reserves was measured at 28.3 USD bn in Dec 2022.
• The Foreign Exchange Reserves equaled 8.0 Months of Import in Dec 2022.
• Croatia Domestic Credit reached 60.0 USD bn in Nov 2024, representing an increased of 5.9 % YoY.
• The country's Non Performing Loans Ratio stood at 2.5 % in Sep 2024, compared with the ratio of 2.6 % in the previous quarter.

Graph and download economic data for Financial Soundness Indicator, Households; Debt Service and Principal Payments as a Percent of Income, Level (BOGZ1FL010000346Q) from Q1 1980 to Q4 2024 about payments, debt, percent, households, income, services, indexes, and USA.

Key information about Georgia Household Debt

• Georgia Household Debt reached 11.1 USD bn in Jan 2025, compared with the reported number of 11.3 USD bn in the previous month
• Georgia Household Debt: USD mn data is updated monthly, available from Oct 2003 to Jan 2025
• The data reached an all-time high of 11.3 USD bn in Dec 2024 and a record low of 119.7 USD mn in Jan 2004

CEIC converts monthly Household Debt into USD. The National Bank of Georgia provides Household Debt in local currency. The National Bank of Georgia period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Since May 2006, Household Debt includes Mortgages.


Further information about Georgia Household Debt

• In the latest reports, Georgia Household Debt accounted for 36.9 % of the country's Nominal GDP in Mar 2023
• Money Supply M2 in Georgia increased 9.4 USD bn YoY in Jan 2025
• Georgia Foreign Exchange Reserves was measured at 3.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 2.1 Months of Import in Jan 2025
• Georgia Domestic Credit reached 23.5 USD bn in Jan 2025, representing an increased of 24.2 % YoY

The debt settlement solution market is experiencing significant growth, driven by rising consumer debt levels and increasing awareness of debt relief options. While precise market size figures for the base year (2025) are unavailable, a reasonable estimate, considering the average market growth of similar financial services and consulting sectors, could place the market value at approximately $5 billion in 2025. This is based on a projected CAGR (let's assume a CAGR of 10% for illustrative purposes, reflecting a healthy but realistic growth rate within the financial services sector) and taking into account factors like increased personal debt, economic downturns, and the evolving regulatory landscape affecting the debt relief industry. The market is segmented by various service types (negotiation with creditors, debt consolidation, bankruptcy assistance, etc.), customer demographics (age, income, debt type), and geographic location. Key market drivers include the persistent rise in household debt, particularly student loan debt and credit card debt, coupled with limited financial literacy among consumers, making them vulnerable to unsustainable debt burdens. Growing marketing and advertising efforts by debt relief companies also contribute to market growth. However, market growth faces several restraints. Stringent regulatory frameworks and increased scrutiny from consumer protection agencies are shaping industry practices and potentially limiting aggressive marketing. Economic fluctuations directly impact consumer debt levels and their ability to afford debt settlement services. Furthermore, the negative perception associated with debt settlement, despite its potential benefits in certain situations, continues to deter some consumers seeking relief. The competitive landscape is also intensifying with both established players like National Debt Relief and Freedom Debt Relief, and new entrants vying for market share. Successful companies will need to differentiate themselves through superior customer service, transparent pricing, and a proven track record of successful debt settlements, navigating a complex regulatory environment while effectively communicating the value proposition to consumers. Future market growth will depend on economic conditions, regulatory changes, and the continued development of innovative and consumer-friendly debt solutions.

Key information about United Kingdom Household Debt

• United Kingdom Household Debt reached 3,076.4 USD bn in Sep 2024, compared with the reported number of 2,873.8 USD bn in the previous quarter
• UK Household Debt: USD mn data is updated quarterly, available from Mar 1987 to Sep 2024
• The data reached an all-time high of 3,298.5 USD bn in Jun 2008 and a record low of 406.9 USD bn in Mar 1987

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


Further information about United Kingdom Household Debt

• In the latest reports, United Kingdom Household Debt accounted for 81.5 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in United Kingdom increased 3,931.4 USD bn YoY in Oct 2024
• United Kingdom Foreign Exchange Reserves was measured at 115.5 USD bn in Nov 2024
• The Foreign Exchange Reserves equaled 1.4 Months of Import in Oct 2024
• United Kingdom Domestic Credit reached 5,119.2 USD bn in Aug 2024, representing an drop of 0.9 % YoY

Key information about Switzerland Household Debt

• Switzerland Household Debt reached 1,225.8 USD bn in Dec 2023, compared with the reported number of 1,099.2 USD bn in the previous year
• Switzerland Household Debt: USD mn data is updated yearly, available from Dec 1999 to Dec 2023
• The data reached an all-time high of 1,225.8 USD bn in Dec 2023 and a record low of 296.9 USD bn in Dec 1999

CEIC converts annual Household Debt into USD. Swiss National Bank provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt includes NPISH.


Further information about Switzerland Household Debt

• In the latest reports, Switzerland Household Debt accounted for 128.2 % of the country's Nominal GDP in Dec 2023
• Money Supply M2 in Switzerland increased 1,111.2 USD bn YoY in Sep 2024
• Switzerland Foreign Exchange Reserves was measured at 816.7 USD bn in Aug 2024
• The Foreign Exchange Reserves equaled 28.2 Months of Import in Sep 2024
• Switzerland Domestic Credit reached 1,657.8 USD bn in Sep 2024, representing an increased of 1.9 % YoY

The debt settlement service market is experiencing robust growth, driven by increasing consumer debt levels and a rising awareness of debt relief options. The market's expansion is fueled by factors such as economic downturns leading to financial hardship, the increasing accessibility of online debt settlement services, and more aggressive marketing strategies employed by debt relief companies. While the exact market size in 2025 is unavailable, considering a hypothetical CAGR of 10% (a reasonable estimate based on industry growth trends) and a potential 2019 market size of $5 Billion, we can infer a 2025 market size of approximately $7.7 Billion, reflecting a consistent upward trajectory. The market is segmented by service type (negotiation with creditors, credit counseling, bankruptcy assistance), client demographics, and geographic location. Major players such as Freedom Debt Relief and National Debt Relief are driving consolidation and innovation within the sector. The competitive landscape is intensely competitive, with numerous established and emerging players vying for market share. This competition fosters innovation in service delivery, pricing strategies, and customer acquisition methods. However, the market faces constraints including strict regulatory scrutiny, increasing consumer skepticism regarding debt relief providers, and the potential for ethical concerns related to aggressive sales tactics. The future growth of the debt settlement service market will depend on several factors, including macroeconomic conditions, regulatory changes, and the continued evolution of consumer financial behavior. Companies are continually adapting by focusing on enhanced transparency, building stronger consumer trust, and providing more personalized and technologically advanced services. Continued strong growth is expected, though moderation may occur due to economic fluctuations and regulatory measures.

The debt settlement service market is experiencing robust growth, driven by increasing consumer debt levels and a rising awareness of debt relief solutions. While precise market size figures for the base year (2025) are unavailable, considering industry reports and trends indicating a substantial market, a reasonable estimate for the 2025 market size could be $5 billion USD. Assuming a Compound Annual Growth Rate (CAGR) of 8% (a conservative estimate based on historical growth and future projections accounting for economic fluctuations and regulatory changes), the market is projected to reach approximately $8 billion USD by 2033. Key drivers include the rising prevalence of unsecured debt, such as credit card debt and medical bills, coupled with stagnant wage growth for many. Furthermore, the increasing availability of online debt settlement services and improved marketing strategies are contributing to market expansion. The market is segmented by service type (negotiation, counseling, etc.), customer demographics (age, income), and geographic regions. Competition is intense, with established players like Freedom Debt Relief, Rescue One Financial, and National Debt Relief competing against smaller, regional firms. Market restraints include stringent regulations, consumer skepticism, and the potential for negative impacts on credit scores. This growth trajectory is expected to continue, although the pace might vary depending on macroeconomic conditions. The increasing sophistication of debt settlement techniques and the evolving regulatory landscape are shaping the competitive dynamics. Companies are focusing on technology integration to improve efficiency and customer experience. The successful companies will be those that can navigate the regulatory environment, build trust with consumers, and offer transparent, effective solutions. Growth opportunities exist in expanding into underserved markets, developing innovative solutions, and enhancing client engagement through technological advances and personalized services. Further research into specific regional data would provide a more precise understanding of the market's nuances.