US Household Debt Nears Great Recession Levels in New Fed Data

Key Facts

1Americans' debt has soared near levels not seen since the wake of the Great Recession according to Federal Reserve data.

Americans' debt has soared near levels not seen since the wake of the Great Recession according to Federal Reserve data. The New York Post reported that the new figures show US household debt reaching levels comparable to the 2008 financial crisis period, despite rising overall wealth and strong consumer activity.

The data revealed that 8.6% of families reported debt payments exceeding 40% of their income, the highest level since 2013. Additionally, the share of families behind on loan payments reached nearly 20% at the end of 2025, while the total debt-to-income ratio climbed to 94.9% from 89.4% in 2022.