Markets
Household Debt Stands at $17.50 Trillion
February 16, 2024
Household debt in the U.S. stood at $17.50 trillion in the fourth quarter.
Household debt in the U.S. stood at $17.50 trillion in the fourth quarter.
Credit utilization remains historically low, but is on the rise.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection stood at $1591 in the fourth quarter.
Household debt broken down by delinquency status
Credit card debt is now 22% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
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