WalletHub - With household debt reaching $18.59 trillion in Q3 2025, the
personal-finance company WalletHub today released its rankings of the States With the Largest & Smallest Debt Increases, based on new data from TransUnion and the Federal Reserve, to highlight where people may be in financial danger.
| Largest Average Household Debt Increase |
Smallest Average Household Debt Increase |
| 1. Hawaii | 41. Michigan |
| 2. California | 42. Indiana |
| 3. Colorado | 43. Ohio |
| 4. Utah | 44. Alabama |
| 5. Washington | 45. Louisiana |
| 6. Massachusetts | 46. Arkansas |
| 7. Maryland | 47. Kentucky |
| 8. Virginia | 48. Oklahoma |
| 9. Idaho | 49. West Virginia |
| 10. Oregon | 50. Mississippi |
For the full report
National Stats
- Q3 Results: Total household debt increased by $69 billion during Q3 2025. That is 19% less than the increase in Q3 2024.
- Household Average: The average household owed a total of $154,152 at the end of Q3 2025, which is $13,466 below the all-time high.
- Total Debt-to-Deposits Ratio: The
ratio of total household debt to deposits indicates consumers are in a
stable position. It's still below pre-Covid levels and roughly 46% lower
than the early-2000s peak.
- Total Debt-to-Assets: The ratio between total household debt and assets, at 9.36%, continues to be at a very healthy level.
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