What this measures
About two-thirds of household debt is home mortgages. The rest is mostly consumer credit (auto loans, student loans and credit cards). Nonprofits are included because the Fed’s accounts combine them with households.
Debt in dollars nearly always rises. The share-of-GDP view is the better measure of burden: it peaked before the 2008 crisis and fell for more than a decade after.
Source: Federal Reserve Z.1 via FRED (CMDEBT). Updated automatically when the source publishes. How we handle data · Embed this chart