American Household Debt Hits New Record — What It Means for You
Recent data from the Federal Reserve Bank of New York shows that American household debt has reached a new record high of $18.59 trillion. This includes mortgages, auto loans, credit cards, and student loans — rising nearly $200 billion in the last quarter and over $4.4 trillion since before the pandemic.
While many households remain financially stable, younger borrowers and individuals with higher-cost debt are showing increasing signs of strain.
Student Loan Delinquencies Are Increasing
Student loan balances are now $1.65 trillion, and nearly 10% of borrowers are 90+ days behind on payments. The resumption of reporting that paused during the pandemic has caused some borrowers to appear newly delinquent, adding to confusion and financial pressure.
Credit Card Balances Hit $1.23 Trillion
Credit card debt continues to rise — now at $1.23 trillion, up nearly 6% in one year. With interest rates at multi-year highs, many people are paying more each month without seeing meaningful progress on their balances.
A Growing Divide
Experts describe today’s environment as a “K-shaped economy” — some households are staying afloat, while others face rising obligations and shrinking budgets.
If you’re feeling that pressure, you’re not alone.
💙 How UpliftRelief Supports You
At UpliftRelief, we understand how overwhelming unsecured debt can feel. Our role is to help you explore your options by connecting you with licensed, independent debt-relief providers who can explain available programs based on your situation.
We provide:
✔️ Guidance in Understanding Your Situation
We help you outline the financial challenges you’re facing so you know what questions to ask and what options may exist.
✔️ Connections to Trusted Providers
We refer you to reputable companies and law firms that specialize in a range of hardship-based programs.
✔️ Clear, Educational Information
We help you understand what kinds of solutions licensed providers may offer, so you can make an informed decision — without pressure.
UpliftRelief does not negotiate or manage debt relief programs.
We simply connect you with licensed professionals who can explain available options.
Take Your Next Step Forward
If increasing debt or rising monthly expenses have become difficult to manage, learning about your options can be an empowering first step.
Get support today:
→ Schedule a no-obligation conversation to explore available resources.
