The Federal Reserve Bank of New York released its Q2 2026 Quarterly Report on Household Debt and Credit on August 11, showing a modest decline in early delinquency transition rates for credit cards and mortgages even as the aggregate delinquency rate held steady at 4.8%. Total US household debt now stands at approximately $18.8 trillion, up $18 billion from the prior quarter. Subprime borrowers continue to show disproportionate stress, with serious delinquency rates remaining elevated for auto loans, credit cards, and mortgages. Mortgages dominate the debt stack at $13.19 trillion, roughly 70% of the total, with credit cards at $1.25 trillion, auto loans at $1.69 trillion, and student loans at $1.66 trillion.
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