U.S. household debt reaches $18.2 trillion in first quarter of 2025

U.S. household debt reaches $18.2 trillion in first quarter of 2025

Total U.S. household debt rose by $167 billion in the first quarter of the year to reach $18.2 trillion, the Federal Reserve Bank of New York reported.The increase was driven in part by a $199 billion jump in mortgage balances, which now total $12.8 trillion. Student loan balances also grew, rising by $16 billion to reach $1.63 trillion. The report noted a significant rise in student loan delinquencies, attributed to the resumption of credit rep…