The U.S. Now Has:1. Record $17.7 trillion in household debt2....

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    lightbulb Created with Sketch. 2022
    The U.S. Now Has:

    1. Record $17.7 trillion in household debt

    2. Record $12.4 trillion in mortgages

    3. Record $1.6 trillion in auto loans

    4. Near record $1.6 trillion in student loans

    5. Near record $1.1 trillion in credit card debt

    Total mortgage debt is more than double the 2006 peak and total credit card debt is up ~50% since 2020.

    In Q1 2024 alone, ~9% of credit card balances and 8% of auto loans (annualized) transitioned into delinquency.

    Higher rates are taking their toll on consumers with record high debt balances.

    How much longer can consumers hold on?
 
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