<ul><li>Consumers paid down some credit card debt in Q1 2025, while late-stage delinquencies on that debt and student loans surged year-over-year.</li><li>Household debt reached $18.2 trillion in Q1, with mortgage balances rising, auto loan balances declining, and student loan balances growing.</li><li>Credit card balances fell by $29 billion, but credit card delinquencies over 90 days climbed to 12.3%, the highest since Q1 2011.</li><li>Student loan delinquencies surged, reaching the highest level since the pandemic, and serious delinquencies on mortgages, credit cards, and student loans drove the rise.</li></ul>

Fed Data Shows Card Balances Decline in Q1, but 90-Day Delinquencies Surge

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