The State of Household Debt in America
American households are becoming increasingly indebted.
In 2003, total household debt was $7.23 trillion, but that figure has recently doubled to $14.56 trillion in 2020. With just under 130 million households in the country, this equates to an average of $118,000 of debt per household.
Here’s how the various forms of U.S. household debt compare.
First published: May 15, 2021 (link)
Source files included: .ai, .eps, .pdf
Data source: New York Fed Consumer Credit Panel, Equifax
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