Household Debt Reaches $18.2 Trillion as Student Loan Delinquencies Trigger Credit Score Plunge
The Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit reveals a sharp rise in total household debt, reaching $18.20 trillion in the first quarter of 2025. While some categories of debt, such as credit card and auto loans, experienced modest declines, student loan balances jumped by $16 billion to $1.63 trillion, with a notable surge in delinquencies following the end of federal student loan payment protections.
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