USA – According to data released by the Federal Reserve New York on Wednesday, the average household debt in the US rose by 1% in the third quarter of 2025, reaching an all-time high overall of $18.6 trillion.

Household debt climbed by $197 billion in the third quarter of the year compared to the previous quarter, while it was up by $642 billion on an annual basis.

Mortgages continued to account for the largest share of American household debt, rising to $13.07 trillion in the third quarter.

Housing debt was up by $137 billion in the third quarter compared to the previous quarter and climbed by $478 billion year-on-year.

Other items, including auto loans, incurred the most debt among Americans during this period, totaling $1.66 trillion.

Meanwhile, student loans rose to $1.65 trillion and credit cards debt increased to $1.23 trillion, both hitting record high levels in the third quarter.

During this period, credit card debt increased by $24 billion compared to the previous quarter, and student loan debt was up by $15 billion.

Meanwhile, auto loan debt remained stable during the same period.