According to the Fed bank’s report, over 10% of all credit card debt in the United States and nearly 5% of all mortgage debt are seriously delinquent. Additionally, approximately 3.6% of all American debt is overdue, which includes both debts that are less than 90 days overdue and those that are more than 90 days overdue.

A new survey from Bankrate revealed that 33 percent of U.S. adults have more credit card debt than emergency savings. That number is down from 36 percent in 2024 and 2023.

Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.

Bankrate Chief Financial Analyst Greg McBride says “more and more households [are] relying on credit to bridge that gap where the income stops but the expenses keep going.”

Credit card debt is weighing on many Americans. The share of credit card holders making just the minimum monthly payment is at a 12-year high, a report shows.

Only slightly more than half of Americans have more emergency savings than credit card debt A Bankrate survey shows that only slightly more than half of Americans have more emergency savings than credit card debt.

Higher credit card debt could be a sign of consumer confidence. But tariffs from the Trump administration could further inflate prices.

Following the trend of the last several months, Americans’ household debt has increased once again to new record highs, according to the Federal Reserve Bank of New York.