2020 Consumer Debt Statistics Total household debt rose by $109 billion to reach $17.80 trillion, according to the latest quarterly report on household debt and credit. mortgage balances were up $77 billion to reach $12.52 trillion, while auto loans increased by $10 billion to reach $1.63 trillion and credit card balances increased by $27 billion to reach $1.14 trillion. According to data from q2 2020, mortgage debt ($1.55 billion) accounted for the major part of the total debt, with $802 billion in non mortgage loans and consumer credit. we are still waiting for the new data on canadian household debt, although it’s obvious that mortgage debt increased while consumer and non mortgage debt probably decreased.
2021 Consumer Debt Statistics Lexington Law Average consumer debt balance in the united states from 2010 to 2023 (in 1,000 u.s. dollars) premium statistic amount of personal debt held in the u.s. 2018 2023. As a result, mortgages accounted for 82 percent of the increase in total consumer debt since q4 2019, followed by auto loans and credit card debt, which accounted for 8 and 5 percent of the $3.1. In 2021, there were 90,092 consumer insolvency filings, down from 137,178 in 2019. proposals made up 70% of total consumer insolvencies and 30% were bankruptcies. in comparison, 60% of insolvencies were proposals and 40% were bankruptcies in 2019. out of every thousand adult canadians, 2.9 filed for insolvency, the lowest rate since 1994. Statistics canada reported friday that the debt to disposable income ratio fell to 158.2 per cent in the three months between april and june, compared with a reading of 175.4 per cent in the first.
Comments are closed.