US Household Debt Tops $18.6 trillion, Raising Growth Risks
The New York Fed’s Q3 2025 report shows total household debt climbing to $18.585 trillion, up 3.6% YoY and $197 billion from the prior quarter. Delinquency rates nudged higher to 4.49%, hinting that consumers’ ability to service debt may be waning and could dampen economic momentum.