Average U.S. household debt reaches $152K; Here’s a breakdown of what Americans owe

The average American household is more than $150,000 in debt, with mortgages accounting for more than two-thirds of what’s owed.

WalletHub, an online financial advisory site, recently released its latest Household Debt Report , finding that the nation’s total household debt reached $18.39 trillion in the second quarter of 2025.

Researchers used data from the New York Federal Reserve to determine existing debt levels and data from the U.S. Bureau of Labor Statistics to adjust past debt levels for inflation to accurately show how the existing debt compares to historical levels.

For example, while the current $18.39 trillion in total household debt represents the record-high in absolute terms, it’s actually more than $1 trillion below the inflation-adjusted record of $19.44 trillion in t