BREAKING: US household debt surged 167 BILLION in Q1 2025, to a record 18.2 trillion. Over the last 10 years, total household debt has soared by a whopping 7 TRILLION. The Q1 jump was driven by mortgage debt, which rose 199 billion, to a record 12.8 trillion. Student loans increased 16 billion, to 1.6 trillion, an all-time high. On the other hand, auto and credit card debt declined by 13 billion and 29 billion to 1.6 trillion and 1.2 trillion, respectively. Americans have never been more indebted.