In early 2024, ** percent of U.S. consumers said that their main source of personal non-mortgage debt were their credit card bills. Meanwhile, a ** percent of respondents said that their leading source of debt were car loans. Over a ***** of respondents had no debt.

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 2022, around ** percent of Americans said that they expected to be in debt for another one to five years, whereas ** percent expected to remain in debt for the rest of their lives. There is also an important share of respondents who did not know how long they would continue to pay their debt. The average amount of personal debt held in the U.S. has been decreasing since 2018.

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.

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.

Graph and download economic data for Net Percentage of Other Domestic Banks Tightening Standards for Non-Qualified Mortgage Jumbo Mortgage Loans (SUBLPDHMSKOTHNQ) from Q1 2015 to Q2 2025 about jumbo, tightening standards, mortgage, domestic, Net, percent, loans, banks, depository institutions, 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.

Key information about United States Household Debt: % of GDP

• United States household debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 62.3 % in the previous quarter.
• US household debt to GDP ratio is updated quarterly, available from Mar 1999 to Dec 2024.
• The data reached an all-time high of 85.8 % in Dec 2008 and a record low of 49.4 % in Mar 1999.

• In the latest reports, US Household Debt reached 18,036.0 USD bn in Dec 2024.
• Money Supply M2 in US increased 3.9 % YoY in Jan 2025.
• US 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.
• US Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY.
• The country's Non Performing Loans Ratio stood at 1.7 % in Dec 2024, compared with the ratio of 1.5 % in the previous quarter.

Graph and download economic data for Personal interest payments (B069RC1) from Jan 1959 to May 2025 about payments, personal, interest, and USA.

Graph and download economic data for Net Percentage of Domestic Banks Reporting Stronger Demand for Qualified Mortgage Jumbo Mortgage Loans (SUBLPDHMDJNQ) from Q1 2015 to Q2 2025 about jumbo, mortgage, domestic, Net, percent, loans, banks, depository institutions, and USA.

The majority of customer complaints regarding debt collection in the United States in 2022 concerned agencies trying to collect debt that the consumer did not owe. Written notifications about debt followed, with over 20 percent of respondents having complaints about it that year.

Latin America Home Mortgage Finance Market size was valued at USD 55 Billion in 2024 and is expected to reach USD 69.5 Billion by 2032, growing at a CAGR of 3% from 2026-2032.

Latin America Home Mortgage Finance Market Drivers

Rapid Urban Growth: Latin America has experienced significant urbanization, leading to a surge in demand for housing in urban centers. This drives the need for mortgage financing to facilitate homeownership.

Housing Deficit: Many countries in the region face a substantial housing deficit, particularly for low- and middle-income families. This creates a large potential market for mortgage products.

Housing Subsidies: Government programs that provide housing subsidies or incentives can stimulate demand for mortgage financing

Mortgage Market Regulations: Clear and stable mortgage market regulations create a favorable environment for lenders and borrowers.

The home mortgage debt of households and nonprofit organizations amounted to approximately 13.46 trillion U.S. dollars in the first quarter of 2025. Mortgage debt has been growing steadily since 2014, when it was less than ten 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.

In April 2024, Americans were asked if they think they will ever fully pay off their student loan debt. According to the survey, almost ** percent of those who owed money toward student loans stated that they would definitely not be able to fully pay their loans off.

Graph and download economic data for Weighted-Average Effective Loan Rate by Size of Loan: ($ thousands) $10,000+, Domestic Banks (DISCONTINUED) (EE10000PXDBNQ) from Q2 1997 to Q2 2017 about weighted-average, average, domestic, loans, banks, depository institutions, rate, and USA.

Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling below *** percent in the second quarter of 2023. In the second half of 2023, the delinquency rate picked up, but remained stable throughout 2024. In the first quarter of 2025, **** percent of mortgage loans were delinquent. That was significantly lower than the **** percent during the onset of the COVID-19 pandemic in 2020 or the peak of *** percent during the subprime mortgage crisis of 2007-2010. What does the mortgage delinquency rate tell us? The mortgage delinquency rate is the share of the total number of mortgaged home loans in the U.S. where payment is overdue by 30 days or more. Many borrowers eventually manage to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost ** trillion U.S. dollars in 2024. Not all mortgage loans are made equal ‘Subprime’ loans, being targeted at high-risk borrowers and generally coupled with higher interest rates to compensate for the risk. These loans have far higher delinquency rates than conventional loans. Defaulting on such loans was one of the triggers for the 2007-2010 financial crisis, with subprime delinquency rates reaching almost ** percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under ** percent of all subprime mortgages in 2011.

The statistic shows the share of U.S. graduates who are indebted due to undergraduate student loans in 2016, by ethnicity. Overall, borrowing rates are higher among Bachelor’s recipients at private non-profit schools for every group. Less than two-thirds (68%) of white graduates from public schools borrow, compared to four-fifths (82%) of African American graduates who borrow. Private non-profit schools command even more frequent borrowing among Black students.

Dutch households had over 839 billion euros of outstanding mortgage loans as of the third quarter of 2024, the highest value on record. Despite its relatively small population size, the Netherlands had a much higher mortgage debt than most other European countries and was not far from those found in the United Kingdom, France, or Germany. This has a political background, as the Dutch government, for many years, wanted to help people to buy a house. The tax system allowed homeowners to deduct interests paid on mortgage from pre-tax income for a maximum period of thirty years. This was known as hypotheekrenteaftrek, and consequently led to the Netherlands becoming the European country with the second-highest share of the population who is an owner-occupier with a mortgage. Since 2014, the Dutch government is slowly scaling this tax facility down, with an acceleration planned from 2020 onwards. What are the biggest companies in the Dutch mortgage market? The top three banks, ABN AMRO, Rabobank and ING, provided 45 percent of mortgages in the Netherlands in the second quarter of 2023. Another seven percent of the market was provided by banks outside the traditional top three. Note that these are combined numbers, as there are no market shares that look at mortgage providers individually. Banks, insurance companies, regiepartijen (funds that originate mortgage loans on behalf of institutional investors, no English word exists for this term) and other providers do not have to share this information openly. The risk of underwater mortgages As many people in the Netherlands both own a house and have a mortgage as well, a big theme is the risk of a house going underwater or negative home equity. This occurs when people effectively pay more for their mortgage than their house is worth and happened, for example, between 2009 and 2013, when the average valuation of a house outweighed the average selling price. For this risk alone, one can find much data on residential property in the Netherlands. For example, quarterly pulse monitors state that housing prices in the Netherlands are set to decline in 2024.

The share of non-performing mortgage loans in the United States has declined significantly since the subprime mortgage crisis in 2008. After the burst of the housing bubble, the share of loans which were ** to *** days past due date climbed to *** percent. The fourth quarter of 2010 witnessed the highest rate of loans in foreclosure, bankruptcy, or deed-in-lieu, amounting to **** percent. In the third quarter of 2024, the foreclosure rate stood at *** percent - the lowest figures on record. Meanwhile, the ** to ** days delinquency rate rose to *** percent and the ** to *** days delinquency rate rose to *** percent, showing an uptick in the late mortgage payments.

As of August 2021, the forbearance rate of single-family housing mortgages owned by Freddie Mac in the U.S. was approximately **** percent. Forbearance is a type of borrower assistance which allows the lender to negotiate a temporary postponement of a mortgage repayment. It allows a payment period relief in lieu of the creditor foreclosing on any property that was used as collateral for the loan.