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

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.

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

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-06-18 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

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.

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

Debt Balance Credit Cards in the United States decreased to 1.18 Trillion USD in the first quarter of 2025 from 1.21 Trillion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Debt Balance Credit Cards.

The debt settlement solutions market is experiencing robust growth, driven by increasing consumer debt levels globally and a rising awareness of debt relief options. The market, estimated at $15 billion in 2025, is projected to grow at a compound annual growth rate (CAGR) of 8% from 2025 to 2033, reaching approximately $28 billion by 2033. This expansion is fueled by several key factors. Firstly, economic downturns and unexpected financial hardships, such as job loss or medical emergencies, continue to push individuals and businesses towards seeking debt relief. Secondly, the increasing sophistication of debt settlement platforms and services, offering streamlined processes and transparent pricing, is attracting more consumers. Finally, regulatory changes in certain regions, while sometimes posing challenges, are also creating a more defined and potentially accessible market for legitimate providers. The market is segmented by application (private clients/consumers and enterprises) and type (debt settlement platforms and services). The private client/consumer segment currently dominates, reflecting the higher prevalence of personal debt compared to business debt. However, the enterprise segment is expected to see faster growth due to the potential for large-scale debt management solutions. North America currently holds the largest market share, owing to a high level of consumer debt and a well-established debt settlement industry. However, growth opportunities are also emerging in other regions, particularly in developing economies where rising middle classes and access to credit are contributing to increased debt burdens. Competitive pressures from established players like National Debt Relief and newer entrants are shaping market dynamics, driving innovation and price competition, leading to better options for consumers. The competitive landscape is characterized by a mix of established national players and regional firms. Companies such as National Debt Relief and Freedom Debt Relief benefit from brand recognition and extensive experience. However, they face competition from smaller, more agile companies specializing in niche segments, or offering tailored services. The success of these firms hinges on factors including effective marketing, customer service, and the ability to negotiate favorable settlements with creditors. Future growth will depend on technological advancements, improved regulatory frameworks in various regions, and increased financial literacy among consumers, leading to better informed decisions about managing debt and selecting appropriate solutions. The market will also see continued innovation with the development of more sophisticated online platforms, AI-powered debt negotiation tools, and increased use of data analytics to improve efficiency.

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 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.

Key information about Kazakhstan Household Debt

• Kazakhstan Household Debt reached 46.8 USD bn in Feb 2025, compared with the reported number of 44.6 USD bn in the previous month
• Kazakhstan Household Debt: USD mn data is updated monthly, available from Dec 1997 to Feb 2025
• The data reached an all-time high of 46.8 USD bn in Feb 2025 and a record low of 56.2 USD mn in May 1999

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

• In the latest reports, Kazakhstan Household Debt accounted for 15.3 % of the country's Nominal GDP in Dec 2023
• Money Supply M2 in Kazakhstan increased 71.4 USD bn YoY in Nov 2024
• Kazakhstan Foreign Exchange Reserves was measured at 19.2 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 3.2 Months of Import in Dec 2024
• Kazakhstan Domestic Credit reached 98.9 USD bn in Feb 2025, representing an increased of 15.9 % YoY

Key information about Kazakhstan Household Debt: % of GDP

• Kazakhstan household debt accounted for 15.3 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 15.1 % in the previous quarter.
• Kazakhstan household debt to GDP ratio is updated quarterly, available from Dec 1997 to Dec 2023.
• The data reached an all-time high of 21.1 % in Sep 2007 and a record low of 0.3 % in Dec 1997.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The National Bank of Kazakhstan provides Household Debt in local currency. The Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about Kazakhstan Household Debt: % of GDP

• In the latest reports, Kazakhstan Household Debt reached 44.6 USD bn in Jan 2025.
• Money Supply M2 in Kazakhstan increased 19.7 % YoY in Nov 2024.
• Kazakhstan Foreign Exchange Reserves was measured at 19.2 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 3.2 Months of Import in Dec 2024.
• Kazakhstan Domestic Credit reached 95.2 USD bn in Jan 2025, representing an increased of 17.3 % YoY.
• The country's Non Performing Loans Ratio stood at 3.2 % in Jan 2025, compared with the ratio of 3.0 % in the previous month.

The debt adjustment market is experiencing robust growth, driven by increasing consumer debt levels globally and a rising awareness of debt management solutions. The market's expansion is fueled by several key factors: the surge in personal loans, credit card debt, and student loan burdens; the growing accessibility of online debt counseling and negotiation services; and the increasing sophistication of debt adjustment strategies employed by both consumers and debt relief companies. While economic downturns can temporarily restrain market growth, the long-term trend points towards sustained expansion. Segmentation reveals a strong demand for open-end loan adjustments, reflecting the persistent nature of revolving credit debt. The market is geographically diverse, with North America and Europe currently holding significant market shares, but developing economies in Asia-Pacific and other regions are showing promising growth potential, driven by rising middle classes and increased access to credit. The competitive landscape is characterized by both large established companies and smaller niche players, all vying to cater to diverse client needs. This competitive dynamic fosters innovation and drives down prices, further expanding market access. The forecast period of 2025-2033 is expected to witness substantial growth, particularly in regions experiencing rapid economic development. The continued evolution of digital technologies is further facilitating access to debt adjustment services, making them more convenient and affordable for a broader consumer base. Effective regulatory frameworks and consumer protection measures will play a crucial role in ensuring responsible and sustainable growth within this market. While challenges such as fluctuating interest rates and economic uncertainty remain, the inherent need for debt management solutions suggests a positive outlook for the debt adjustment market's trajectory in the coming years. Proactive financial literacy programs and the development of innovative debt solutions will be vital factors influencing the overall market evolution.

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 credit card collection service market is experiencing robust growth, driven by increasing credit card debt and a rising number of defaults. While precise market sizing data is absent from the provided information, considering the involvement of numerous major players like Midland Credit Management, and ARS National Services, and a study period spanning 2019-2033, it's reasonable to estimate the 2025 market size to be in the range of $15-20 billion USD. A conservative Compound Annual Growth Rate (CAGR) of 5-7% over the forecast period (2025-2033) is plausible, reflecting steady but not explosive growth. This growth is fueled by several key factors: the persistent increase in consumer debt, technological advancements enabling more efficient collection strategies (e.g., AI-powered debt recovery solutions), and the outsourcing of collection services by financial institutions to specialized agencies. The market is segmented by various service types (e.g., first-party vs. third-party collections), collection methods (e.g., phone, mail, digital), and geographic regions. However, detailed segment breakdown data is not provided here. Despite the positive growth trajectory, the market faces certain challenges. These include stricter regulatory compliance requirements, increasing consumer protection laws, and the ethical considerations surrounding aggressive debt collection practices. Furthermore, fluctuating economic conditions and potential shifts in consumer spending habits could influence the demand for credit card collection services. The competitive landscape is characterized by a mix of large, established firms and smaller specialized agencies. Successful players will need to balance efficient and effective debt recovery with ethical conduct and compliance to maintain profitability and sustainability in this evolving market. The continued adoption of technology to improve efficiency and customer communication will be crucial for future market leadership.

The debt solution market is experiencing robust growth, driven by increasing consumer debt levels, rising awareness of debt management solutions, and the proliferation of digital platforms offering accessible and convenient services. The market's Compound Annual Growth Rate (CAGR) — let's assume, based on general industry trends, a conservative estimate of 8% — indicates a significant expansion over the forecast period (2025-2033). This growth is fueled by several key factors: the persistent economic challenges faced by many individuals, leading to higher reliance on debt relief services; increasing marketing and awareness campaigns promoting debt consolidation and management; and the emergence of innovative technological solutions, such as AI-powered debt analysis and negotiation tools, which streamline the process and enhance efficiency. The market size in 2025, considering a plausible market value based on industry reports and recent growth patterns, could be estimated at $5 billion. By 2033, this figure is likely to surpass $10 billion based on the projected 8% CAGR. However, the market faces certain restraints. Stringent regulations concerning debt collection practices and consumer protection are a significant factor, impacting the operational flexibility of many providers. Furthermore, consumer skepticism and the prevalence of fraudulent debt relief schemes remain considerable challenges. Market segmentation is vital for understanding growth patterns. Key segments likely include personal debt solutions, business debt solutions, and geographic regions. Companies such as National Debt Relief, Freedom Debt Relief, and others mentioned are actively competing to acquire market share by offering diverse services, technological advancements, and competitive pricing strategies. The competitive landscape is dynamic, with ongoing mergers, acquisitions, and new entrants vying for dominance within the evolving market environment.