Total Household Debt

The New York Fed's Household Debt and Credit Report put the total at $18.77 trillion in Q2 2026, up $382.5 billion from $18.39 trillion a year earlier. It was $13.5 billion lower than in Q1 2026. The New York Fed does not say this total is seasonally adjusted, so a move from one quarter to the next can reflect seasonal patterns and reporting changes as well as repayment.

The total has been higher than a year earlier for 51 quarters in a row.

The newest quarter can be revised at the next release.

The total adds up the balances on mortgages, home equity lines of credit, auto loans and leases, credit cards, student loans and other consumer loans on the Equifax credit reports of people with a Social Security number. Mortgages are the largest part. Accounts in bankruptcy and medical bills are left out. It is what people owe at the end of the quarter, not new borrowing, and it is in current dollars.

The Federal Reserve's Financial Accounts publish a larger household debt figure that also counts nonprofit organizations and is seasonally adjusted. It is a different measure, and in some quarters the two go in opposite directions, so always say which one you mean.

A dollar total alone does not say whether debt is hard to carry. The total delinquency rate tracks the share of these balances that are behind on payments, the personal saving rate tracks how much of their income households save, and a Bankrate survey records how adults say they would pay for an emergency. These separate measures do not show why debt changed.