Total household debt rose by $185 billion in the second quarter of 2025, a 1% rise from Q1 2025. Balances now stand at $18.39 trillion and have increased by $4.24 trillion since the end of 2019, just before the pandemic recession.

Before is a snapshot of the latest Q2 data, courtesy of the NY Fed:

Balances

• Mortgage balances grew by $131 billion during the second quarter of 2025 and totaled $12.94 trillion at the end of June.

• Balances on home equity lines of credit (HELOC) rose by $9 billion, the thirteenth consecutive quarterly increase. There is now $411 billion in outstanding HELOC balances, $94 billion above the low reached in the first quarter of 2022.

• Credit card balances rose by $27 billion during the second quarter and now total $1.21 trillion outstanding and are 5.87% above the level a year ago.

• Auto loan balances rose by $13 billion, and now stand at $1.66 trillion.

• Other balances, which include retail cards  and consumer finance loans, were roughly unchanged at $540 billion.

• Student loan balances edged up by $7 billion and now stand at $1.64 trillion.

• In total, non-housing balances increased by $45 billion, a 0.9% increase from 2025Q1.