“`html
Household Debt Rises in Q2 2025, Delinquencies Surge, Especially in Student Loans
Table of Contents
New York, NY – June 27, 2025 – Total household debt in the United States increased to $17.96 trillion in the second quarter of 2025, according to the latest report from the Federal Reserve Bank of New York. This represents a $228 billion increase from the first quarter of 2025 and a considerable $728 billion rise compared to the second quarter of 2024. A significant driver of this increase is a sharp rise in serious delinquencies, particularly within student loan debt.
The report, released today, details shifts in various debt categories and provides a quarterly snapshot of borrowing and indebtedness trends among U.S. consumers. The data is based on the New york Fed’s Consumer Credit Panel,a nationally representative sample drawn from anonymized Equifax credit data.
Debt category Changes (Q1 2025 to Q2 2025 & Q2 2024 to Q2 2025)
| Category | Change Q1-Q2 2025 | Change Q2 2024-Q2 2025 | Q2 2025 Total |
| Mortgage Debt | (-) $2 billion | (+) $4 billion | $11.638 trillion |
| Student Loan Debt | (+) $48 billion | (+) $18.388 billion | $1.063 trillion |
| Auto Loan Debt | (+) $11 billion | (+) $185 billion | $592 billion |
| Credit card Debt | (+) $13 billion | (+) $592 billion | $18.388 trillion |
| Total Debt | (+) $185 billion | (+) $592 billion | $17.96 trillion |
Change from Q1 2025 to Q2 2025
* Change from Q2 2024 to Q2 2025
Flow into Serious Delinquency (90 days or more delinquent)
| Category1 | Q2 2024 | Q2 2025 |
| Mortgage Debt | 0.95% | 1.29% |
| Home Equity Line of Credit | 0.51% | 1.15% |
| Student Loan Debt | 0.80% | 12.88% |
| Auto loan Debt | 2.88% | 2.93% |
| Credit Card Debt | 7.18% | 6.93% |
| Other | 5.42% | 5.42% |
| ALL | 1.59% | 2.91% |
Key Findings:
- Student
