Federal Reserve data shows mortgage, auto, and student loan balances rising as delinquencies spread across income groups.
US household debt reached a record $18.8 trillion in the first quarter of 2026, driven by increases in mortgage, auto, and student loan balances. Mortgage debt rose by $21 billion to $13.19 trillion, while auto loans climbed to $1.69 trillion.
Credit card balances fell seasonally by $25 billion but remained elevated at $1.25 trillion. Student loan balances stood at $1.66 trillion as repayment resumed post-pandemic. Serious mortgage delinquencies edged up to 1.5%, with rising delinquency rates observed across both lower- and higher-income areas.
The data underscores broader financial strain as borrowing costs remain high, affecting markets and investor sentiment.