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Home Economy

New York Fed: Total household debt hit $18.59T in Q3

November 5, 2025
Reading Time: 1 min read
New York Fed: Household debt reaches nearly $18T

Total household debt increased by $197 billion to $18.59 trillion in the third quarter of 2025, according to the latest Quarterly Report on Household Debt and Credit by the Federal Reserve Bank of New York.

Mortgage balances grew by $137 billion to $13.07 trillion at the end of September, according to the report. The pace of mortgage originations increased, with $512 billion newly originated in Q3.

Credit card balances rose by $24 billion from the previous quarter and stood at $1.23 trillion, while auto loan balances held steady at $1.66 trillion.

HELOC balances rose by $11 billion to $422 billion, and HELOC limits rose by $8 billion, continuing the growth that began in 2022. Student loan balances rose by $15 billion and stood at $1.65 trillion.

Tags: Federal ReserveHousehold debt and credit
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