Total household debt in the United States rose by $185 billion, or 1%, in the second quarter of 2025, reaching $18.39 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. The data is drawn from the New York Fed’s Consumer Credit Panel, which uses anonymized Equifax credit information to provide a representative look at consumer borrowing and indebtedness.

The latest Quarterly Report on Household Debt and Credit shows increases across most major categories. Mortgage balances grew by $131 billion to reach $12.94 trillion by the end of June 2025. Credit card balances increased by $27 billion, totaling $1.21 trillion, while auto loan balances rose by $13 billion to hit $1.66 trillion. Home equity lines of credit (HELOCs) saw their thirteenth consecutive quarterly increase, rising by $9 billion to a total of $411 billion. Student loan balances also edged up by $7 billion, standing at $1.64 trillion.

Non-housing related debts increased by a combined total of $45 billion from the previous quarter.

New mortgage originations were slightly higher than in previous quarters, with newly originated mortgages totaling $458 billion in Q2 2025. Auto loan and lease originations reached $188 billion during the same period, up from the first quarter’s figure of $166 billion.

Aggregate limits on credit card accounts continued their upward trend with an increase of $78 billion—representing a 1.5% rise over last quarter.

Delinquency rates remained elevated overall: 4.4% of outstanding debt was in some stage of delinquency during Q2 2025. The transition into early delinquency was steady for most types except student loans, which saw an uptick due to resumed reporting on missed federal student loan payments that had not been reported between Q2 2020 and Q4 2024.

“This quarter’s flow of household debt into serious delinquency was mixed across debt types, with credit card and auto loans holding steady, student loans continuing to rise, and mortgages edging up slightly,” said Joelle Scally, Economic Policy Advisor at the New York Fed. “Despite the recent uptick in mortgage delinquency, overall mortgage performance remains strong by historical standards.”

Student loan delinquencies have risen sharply as previously unreported missed payments are now being included in credit reports; as a result, 10.2% of aggregate student debt was reported as being more than 90 days delinquent in Q2 2025.

A detailed breakdown shows that flows into serious delinquency (90 days or more past due) varied: mortgage debt rose from 0.95% in Q2 2024 to 1.29% this year; HELOCs increased from 0.51% to 1.15%; student loans jumped significantly from 0.80% to 12.88%; auto loans moved slightly from 2.88% to 2.93%; while credit card delinquencies dipped marginally from 7.18% to 6.93%.

The report provides quarterly updates on trends such as these through interactive graphs and downloadable content available via its Household Debt and Credit Report webpage. Additional resources related specifically to housing markets can be found at the Center for Microeconomic Data’s housing page.

The Federal Reserve Bank of New York publishes this report each quarter using data designed to help community groups, businesses, government agencies and members of the public monitor changes in consumer borrowing behavior across mortgages, student loans, credit cards and other forms of household debt.