U.S. household debt exceeds $19 trillion

According to the report, total U.S. household debt increased by 1.8% from the previous quarter, reaching $19.1 trillion. Debt rose by $334 billion on a quarterly basis and $520 billion year over year. Mortgage balances, which account for the largest share of total household debt, increased by $257 billion to $13.37 trillion.

In the third quarter, auto loan balances rose to $1.73 trillion, student loan debt reached $1.66 trillion, and credit card balances climbed to $1.29 trillion. Compared to the previous quarter, auto loan debt increased by $21 billion, student loan debt by $5 billion, and credit card debt by $22 billion. Meanwhile, the share of debt with overdue payments increased by 0.3 percentage points to 5%. The figures indicate that both household debt burdens and payment delinquencies are rising in the United States.