Visual Capitalist May 4, 2022
According to the Federal Reserve (Fed), U.S. consumer debt is approaching a record-breaking $16 trillion. Critically, the rate of increase in consumer debt for the fourth quarter of 2021 was also the highest seen since 2007.
This graphic provides context into the consumer debt situation using data from the end of 2021.
Housing Vs. Non-Housing Debt
The following table includes the data used in the above graphic. Housing debt covers mortgages, while non-housing debt covers auto loans, student loans, and credit card balances.
| Date | Housing Debt (USD trillions) | Non-Housing Debt (USD trillions) | Total Consumer Debt (USD trillions) |
|---|---|---|---|
| Q1 2003 | 5.18 | 2.05 | 7.23 |
| Q2 2003 | 5.34 | 2.04 | ...
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