Total household debt increased $93 billion, or 0.5% QoQ, in Q4 2024 to $18.036 trillion.

• Total mortgage debt increased $11 billion to $12.05 trillion, and total auto debt increased $11 billion to $1.655 trillion.
• Credit card debt saw the largest quarterly increase, up $45 billion to $1.211 trillion.

• Delinquency rates for all debt inched up from 3.5% in Q3 2024 to 3.6% in Q4 2024. Serious delinquency rates were up to 1.70% in Q4, just 2 bps higher than Q3.

• The largest increases in serious delinquency over the quarter were in credit card balances, up 22 bps to 11.35%, and in auto loans, up 24 bps to 4.83%.
• The percentage of mortgage loan balances in serious delinquency was mostly unchanged, up just 1 bps to 1.09% in Q4.