The average consumer debt balance in the United States has peaked in 2023 at roughly 104,200 U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately 85,500 U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.

The tables and interactive maps below allow users to explore the ratio of debt to income by state, metropolitan statistical area, and county for each year since 1999. Household debt is calculated from Federal Reserve Bank of New York (FRBNY) Consumer Credit Panel/Equifax Data, and household income is reported by the Bureau of Labor Statistics.

The total average debt of Baby Boomers in the United States amounted to nearly 94,880 U.S. dollars in 2023. Debt balances, however, varied greatly according to the generation. The Generation X held the highest debt on average (157,560 U.S. dollars), while generation Z held the lowest average debt (nearly 29,820 U.S. dollars).

As of the last quarter of 2022, Alaska and Hawaii were the states in the U.S. with the highest credit card debt. While the average credit card debt in Alaska amounted to 4,430 U.S. dollars, people from Mississippi only had on average 2,450 U.S. dollars of credit card debt.

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

In 2023, outstanding auto loan debt in the United States reached a value of 1.51 trillion U.S. dollars. The overall value of car loan debt in 2019 amounted to 1.21 trillion U.S. dollars, showing an increase of approximately 300 billion U.S. dollars in three years.

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.

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.

In 2023, the generation X was the age group with the highest amount of auto loan debt in the United States. That group had on average a car loan debt of roughly 27,100 U.S. dollars. Meanwhile, the silent generation had the lowest amount of auto loan debt, amounting to approximately 16,050 U.S. dollars.

Key information about Hungary Household Debt: % of GDP

• Hungary household debt accounted for 20.4 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 19.9 % in the previous quarter.
• Hungary household debt to GDP ratio is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 45.4 % in Jun 2010 and a record low of 8.4 % in Mar 1999.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Magyar Nemzeti Bank provides Household Debt in local currency. Hungarian Central Statistical Office provides Nominal GDP in local currency.


Related information about Hungary Household Debt: % of GDP

• In the latest reports, Hungary Household Debt reached 44.6 USD bn in Sep 2024.
• Money Supply M2 in Hungary increased 7.7 % YoY in Dec 2024.
• Hungary Foreign Exchange Reserves was measured at 36.6 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 3.2 Months of Import in Jan 2025.
• Hungary Domestic Credit reached 117.4 USD bn in Dec 2024, representing an increased of 10.3 % YoY.
• The country's Non Performing Loans Ratio stood at 1.7 % in Sep 2024, compared with the ratio of 1.8 % in the previous quarter.

Key information about Norway Household Debt: % of GDP

• Norway household debt accounted for 91.3 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 90.4 % in the previous quarter.
• Norway household debt to GDP ratio is updated quarterly, available from Dec 1995 to Dec 2024.
• The data reached an all-time high of 116.3 % in Dec 2020 and a record low of 55.5 % in Mar 2001.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Statistics Norway provides Household Debt in local currency and Nominal GDP in local currency.


Related information about Norway Household Debt: % of GDP

• In the latest reports, Norway Household Debt reached 443.2 USD bn in Sep 2024.
• Money Supply M2 in Norway increased 5.1 % YoY in Jan 2025.
• Norway Foreign Exchange Reserves was measured at 79.0 USD bn in Feb 2025.
• The Foreign Exchange Reserves equaled 10.5 Months of Import in Jan 2025.
• Norway Domestic Credit reached 667.0 USD bn in Jan 2025, representing an increased of 3.7 % YoY.
• The country's Non Performing Loans Ratio stood at 0.4 % in Dec 2022, compared with the ratio of 0.3 % in the previous year.

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

Key information about Turkey Household Debt

• Turkey Household Debt reached 107.8 USD bn in Jan 2025, compared with the reported number of 106.7 USD bn in the previous month
• Turkey Household Debt: USD mn data is updated monthly, available from Jan 1986 to Jan 2025
• The data reached an all-time high of 155.3 USD bn in Oct 2013 and a record low of 74.0 USD mn in Feb 1989

CEIC converts monthly Household Debt into USD. The Central Bank of the Republic of Turkey provides Household Debt in local currency. The Central Bank of the Republic of Turkey 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 Turkey Household Debt

• In the latest reports, Turkey Household Debt accounted for 10.0 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in Turkey increased 495.4 USD bn YoY in Jan 2025
• Turkey Foreign Exchange Reserves was measured at 83.5 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 3.1 Months of Import in Jan 2025
• Turkey Domestic Credit reached 589.1 USD bn in Jan 2025, representing an increased of 36.1 % YoY

The generation X was the group of people with the highest average credit card balance in the United States in 2023. That year, the average credit card debt of the generation Z amounted to approximately 3,260 U.S. dollars. People in the silent generation had a credit card balance of roughly 3,410 U.S. dollars.

Key information about India Household Debt

• India Household Debt reached 617.3 USD bn in Mar 2024, compared with the reported number of 486.7 USD bn in the previous year
• India Household Debt: USD mn data is updated yearly, available from Mar 1998 to Mar 2024
• The data reached an all-time high of 617.3 USD bn in Mar 2024 and a record low of 8.8 USD bn in Mar 1998

CEIC converts annual Household Debt into USD. The Reserve Bank of India provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt is in annual frequency, ending in March of each year.


Further information about India Household Debt

• In the latest reports, India Household Debt accounted for 17.4 % of the country's Nominal GDP in Mar 2024
• Money Supply M2 in India increased 760.6 USD bn YoY in Apr 2024
• India Foreign Exchange Reserves was measured at 572.6 USD bn in May 2024
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023
• India Domestic Credit reached 3,045.9 USD bn in Apr 2024, representing an increased of 11.1 % YoY

Key information about Netherlands Household Debt: % of GDP

• Netherlands household debt accounted for 97.4 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 97.9 % in the previous quarter.
• Netherlands household debt to GDP ratio is updated quarterly, available from Mar 1999 to Sep 2024.
• The data reached an all-time high of 136.7 % in Mar 2011 and a record low of 93.2 % in Mar 1999.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Statistics Netherlands provides Household Debt and Nominal GDP in EUR. Household Debt includes NPISH. Household Debt as % of Nominal GDP prior to 1999 is sourced directly from De Nederlandsche Bank.


Related information about Netherlands Household Debt: % of GDP

• In the latest reports, Netherlands Household Debt reached 1,211.1 USD bn in Sep 2024.
• Money Supply M2 in Netherlands increased 0.7 % YoY in Oct 2024.
• Netherlands Foreign Exchange Reserves was measured at 6.9 USD bn in Oct 2024.
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Oct 2024.
• Netherlands Domestic Credit reached 1,809.8 USD bn in Aug 2024, representing an drop of 4.7 % YoY.
• The country's Non Performing Loans Ratio stood at 1.6 % in Sep 2024, compared with the ratio of 1.6 % in the previous quarter.

Key information about India Household Debt: % of GDP

• India household debt accounted for 17.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 14.9 % in the previous year.
• India household debt to GDP ratio is updated yearly, available from Mar 1998 to Mar 2024.
• The data reached an all-time high of 17.1 % in Mar 2024 and a record low of 2.2 % in Mar 1999.

CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. The Reserve Bank of India provides Household Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about India Household Debt: % of GDP

• In the latest reports, India Household Debt reached 617.3 USD bn in Mar 2024.
• Money Supply M2 in India increased 7.9 % YoY in Nov 2024.
• India Foreign Exchange Reserves was measured at 547.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023.
• India Domestic Credit reached 3,168.1 USD bn in Dec 2024, representing an increased of 11.1 % YoY.
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year.

Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147.50 percent in 2023. United States Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

Households that have liquidity problems and solvency problems only

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-07-09 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.