US Household Debt Hits Record High, Driven by Mortgage Growth

Household debt in the US reached a record high of $18.2 trillion at the end of Q1 2025, according to data from the New York Federal Reserve. This surge was largely driven by an increase of $167 billion in mortgage debt, which now totals $12.8 trillion. Experts attribute this rise to continued demand in the housing market and increasing interest from institutional investors.