Consumer Debt Statistics

Consumer debt statistics measure the amount of money individuals owe through loans like credit cards, student loans, mortgages, and personal loans. These figures help assess how much debt households are carrying and their ability to repay it. High consumer debt can indicate financial stress, while manageable levels suggest healthy financial habits. Tracking these statistics allows policymakers, lenders, and consumers to understand economic stability and potential risks. In summary, consumer debt data provides insights into personal financial health and overall economic conditions.