Household Debt Statistics

Mortgages

Mortgages are the largest component of consumer debt, accounting for 70% of total debt.

Auto Loans

Auto loans are the second largest component of consumer debt, accounting for 9% of total debt.

Student Loans

Student loans are the third largest component of consumer debt, accounting for over 9% of total debt.

Credit Cards

Credit card debt is the fourth largest component of consumer debt, accounting for over 6% of total debt.

Other

Other types of debt, such as personal loans, payday loans, and medical debt, make up the remaining 3% of total debt.

Infographics

Facts

Debt Categorized

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Source: Federal Reserve Bank of New York 2023 Q3 Household Debt and Credit Report