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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

This includes mortgages, home equity revolving debt, auto loans, credit cards, student loans and other consumer lending such as retail cards. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% The total household debt of $17.3 over the same period.

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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% Ridley, who helps clients manage debt, offered some general advice for debt management. Home equity revolving credit saw the second-largest increase, growing by 8.4% over the same period.