Charts of the Week
Household Debt Rises to $16.51 Trillion
November 25, 2022
Household debt in the U.S. rose to $16.51 trillion in the third quarter.
Household debt in the U.S. rose to $16.51 trillion in the third quarter.
While credit card balances are rising, credit utilization remains historically low.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection totaled $1266 in the third quarter, just off the lowest level since Q4 2006.
Household debt broken down by delinquency status
Credit card debt surpassed pre-pandemic levels in the third quarter.
Mortgage originations slowed markedly for the fifth quarter in a row.
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