HOUSEHOLD DEBT AND CREDIT REPORT (Q1 2025)
Household Debt Hits $18.20 Trillion; Student Loan Delinquencies Jump
Total household debt increased by $167 billion to reach $18.20 trillion in the first quarter, according to the latest Quarterly Report on Household Debt and Credit. Credit card balances fell by $29 billion from the previous quarter to stand at $1.18 trillion; auto loan balances declined by $13 billion to $1.64 trillion, marking only the second time balances have fallen from a prior quarter since 2011. Student loan balances grew by $16 billion to reach $1.63 trillion, and the data show a large uptick in the rate at which balances went from current to delinquent, due to the resumption of reporting student loans on credit reports after a nearly five-year pause. Mortgage balances increased by $199 billion to reach $12.80 trillion and HELOC balances rose by $6 billion to $402 billion. Aggregate delinquency rates rose from the previous quarter, with 4.3 percent of outstanding debt in some stage of delinquency. Transition into serious delinquency remained stable for auto loans, credit cards, and other debt.

For more details:
Report: Q1 2025
Blog: Student Loan Delinquencies Are Back, and Credit Scores Take a Tumble
Press Release: Change in Household Debt Balances Mixed; Student Loan Delinquencies Rise Sharply
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