The Center for Microeconomic Data at the Federal Reserve Bank of New York released its Quarterly Report on Household Debt and Credit. According to the research, household debt rose by $185 billion (1%) to $18.39 trillion in Q2 of 2025. Data from the New York Fed’s nationally representative Consumer Credit Panel served as the basis for the report. A one-page synopsis of the main conclusions and the evidence behind them is included.

 

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Household Debt Nears $18.4T: Are U.S. Consumers Overextended?