BREAKING: Total US household debt jumped +93 billion in Q4 2024, to a record of 18.04 trillion, according to the NY Fed. Household debt has risen by a whopping 3.90 trillion over the last 5 years. The biggest increase was seen in credit card debt which hit 1.21 trillion, an all-time high. Mortgage and auto debt both rose by 11 billion to a record 12.61 trillion and 1.66 trillion, respectively. Furthermore, student loans jumped by 9 billion to an all-time high of 1.62 trillion. Americans are still “fighting” inflation with debt.