US consumer debt rises to $18.5 trillion, Equifax reports
Bitget2026/10/28 13:30- Equifax's October 2026 Consumer Pulse report showed U.S. consumer debt reached $18.5 trillion amid broad-based loan origination growth.
- Mortgage debt rose 3.4% year over year; card balances continued climbing amid higher prices and pockets of increased utilization.
- Severe mortgage delinquencies increased, offsetting annual delinquency improvements across personal loans, auto loans and bankcards.
- Auto insurance premiums surged 22.8%, outpacing income growth over the past three years and increasing household affordability stress.
- Lower-income groups experienced the highest rate of financial decline, though income alone did not fully explain financial conditions.
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