In Q4 2024, total household debt climbed to 18.04 trillion USD, a 0.5% increase. Despite strong consumer sentiment, credit card balances increased to 1.21 trillion USD, causing concerns regarding overall debt.

Auto loans are facing pressure due to rising car prices and interest rates. The New York Fed noted a slight uptick in delinquency rates, especially in auto loans and credit cards, indicating potential risks in the borrowing landscape.