Chicago – December 18, 2025
A recent report from Experian’s 2025 Consumer Debt Review reveals that the average American now carries $26,352 in non-mortgage debt, underscoring persistent financial strain across U.S. households. The figure includes credit card, auto, student, and personal loan balances—highlighting growing pressure from rising interest rates and inflation.
According to the report, credit card debt increased by nearly 9% since last year, while car loan burdens continue to rise due to higher vehicle prices and financing costs. Financial experts warn that many consumers are relying heavily on credit to manage everyday expenses, putting them at risk of long-term financial instability.
Economists point to wage stagnation and elevated living costs as key factors fueling borrowing trends. Advisors recommend that households prioritize paying off high-interest debt and consider refinancing alternatives.
The findings, compiled from Federal Reserve and Experian data, illustrate the financial headwinds Americans face entering 2026 and call for a stronger focus on debt education and fiscal resilience.
