US consumer debt has reached a record high, standing at $18 trillion, according to the Federal Reserve Bank of New York. The latest report shows that 3.6% of outstanding debt is currently delinquent, marking the highest rate in almost five years. This increase comes after a period where debt levels were previously on a steady decline. The surge in delinquency rates highlights growing concerns over household finances and credit habits.
Source: https://www.bloomberg.com/news/articles/2025-02-13/us-consumer-debt-delinquency-hits-highest-in-almost-five-years