Household Debt Rises in 2023 But Remains Below Pre-Recession Peak
- American households increased total debt by $78B in Q3 2023 (report by WalletHub)
- Average household debt now $145,319, below 2008 peak of $159,950
- Households expected to end 2023 with $350B+ more debt than start of year
- Mortgage debt increased $20B in Q3, less than $273B increase in previous quarter
- Credit card debt rose to $1.08T in Q3, but still below 2008 peak of $1.27T