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- Total US consumer debt is $14.72 trillion, up 4.0% over a year ago. Mortgage debt, including home equity loans, accounts for $10.60 trillion, a 72.0% share of total debt. Non-mortgage debt totals $4.13 trillion, equating to a 28.0% share.
- In May 2021, 32.8% of non-mortgage consumer debt is from auto loans and leases, 34.1% is from student loans, and 24.2% is from credit card balances. Looking back ten years to May 2011, 29.5% of non-mortgage debt was from auto loans and leases, 33.7% was from student loans, and 24.5% was from credit cards. Total non-mortgage debt has risen 64.8% over that time.
- As of May 2021, HELOCs are 2.96% of mortgage debt outstanding and first mortgages account for 95.8%. Total mortgage debt was 5.3% above the October 2008 peak level.
- In May 2021, non-mortgage consumer debt write-offs came in at $4.73 billion, which is a decrease of 33.6% over a year ago.
Read the full report for information on Auto Leases, Auto Loans, Credit Card: Bankcard, Credit Card: Private Label, First Mortgage, Home Equity Lines of Credit, Home Equity Installment Loans, Consumer Finance, Consumer Finance Installment, Consumer Finance Revolving, and Student Loans.