US Household Debt Drops to $18.8 Trillion in Q2 2026

The total household debt in the US has decreased by $13 billion to reach $18.8 trillion, according to the Federal Reserve Bank of New York's latest report.

This represents a quarterly decrease of 0.1% but an annual increase of $383 billion. The report also found that mortgage balances led the decline, dropping by $74 billion to total $13.117 trillion at the end of June.

However, annual mortgage growth remained positive with a $182 billion increase. Mortgage originations held steady with $505 billion newly originated during the quarter.