Consumer debt crisis deepens: Americans are falling behind on credit cards, loans, and mortgages - is it time to worry?

Americans now owe $18.6 trillion in household debt. United States consumer debt crisis is growing fast. Millions of borrowers are struggling to keep up with credit cards, car loans, student loans, and even mortgages. Data from the Federal Reserve Bank of New Yorks Q3 2025 Household Debt and Credit Report shows serious delinquencies are rising across nearly every debt category a sign of rising financial pressure on U.S. households.