(AURN News) — Despite the constant up and down of the American economy, Americans are still going deeper and deeper into debt.
According to a report by the Federal Reserve Bank of New York, American household debt has hit another record high.
For the first quarter of 2026, total household debt increased by $18 billion, reaching a record $18.8 trillion. Serious delinquency transitions for mortgages rose from 1.4% to 1.5%, while mortgage balances grew by $21 billion, totaling $13.9 trillion at the end of March.
The student loan crisis also continues to hit borrowers hard. The delinquency rate for student loan balances 90 days or more past due rose to 10.3%, up from 9.6% during the fourth quarter of 2025.
And in another emerging problem tied to the broader housing affordability crisis, nearly 59,000 people had foreclosures added to their credit reports, also up from the fourth quarter of 2025.
Click play to listen to the AURN News report from Jamie Jackson:
