American households are carrying an average of $104,215 in debt as of Q2 2024, amounting to $17.796 trillion total, Motley Fool Ascent, Alexandria, Va., found.
Tag: Household Debt
A Tale of Two Reports on Household Debt
WalletHub, Miami, reported this week that total household debt fell to $17.12 trillion in the first quarter as consumers paid down nearly $140 billion in debt during that period. Separately, the Federal Reserve of New York took a slightly different tack, reporting an increase in total household debt in the first quarter by $148 billion (0.9%) to $17.05 trillion.