U.S. households are in debt to the tune of nearly $20 trillion.
That’s a lot of liabilities.
The majority of that debt resides in mortgages (68%) while the remaining balance is mostly student loans (8%) and auto loans (8%). That sure seems like a lot of money but that figure is meaningless without some context.
Total household assets as of year-end 2024 were close to $180 trillion. The assets dwarf the liabilities:
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