📈 U.S. Household Debt Hits Record $18.2 Trillion in Q1 2025

In Q1 2025, U.S. household debt rose to a record $18.2 trillion, up 2.9% from the previous year. Mortgages made up the largest share at $12.8 trillion (70.3%), followed by auto loans at $1.64 trillion (9.0%), student loans at $1.63 trillion (9.0%), credit card debt at $1.18 trillion (6.5%), and home equity revolving credit at $0.40 trillion (2.2%). Credit card balances saw the fastest growth, rising 6.0% year-over-year.