Record U.S. household debt

U.S. consumer debt soared by $85 billion to $14.64 trillion in the first three months of 2021, driven by a jump in mortgages, auto and student loans – the largest components of household debt
 
Mortgage	Home equity	Auto loans	Credit card	
Student loans 	Other ($ trillions, by quarter) 

2004, Q1: $8.29 trillion

2008, Q3: $12.68 trillion
Previous record high

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2013, Q2: $11.15 trillion

2021, Q1: $14.64 trillion 

Other 0.41

Student loans 1.58

Credit card 0.77
     
Auto 1.38
 
Home equity 0.34

Mortgage 10.16

04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 2021


Source: New York Federal Reserve 
Picture: Associated Press 
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