Mortgages made up over 71 percent of the overall total household debt balance in the United States in 2022. Student loans and car loans represented between six and nine percent of the overall household debt balance. The distribution of household credit has been relatively stable since 2007. HE revolving credit was the type of household lending with the smallest market share, apart from the other category.
Composition of the total household debt balance in the United States from 2003 to 2022, by type of lending
Characteristic
Mortgage
HE revolving
Auto loan
Credit card
Student loan
Other
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Statista. (April 21, 2023). Composition of the total household debt balance in the United States from 2003 to 2022, by type of lending [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1341966/composition-of-household-credit-in-the-us-by-type-of-lending/
Statista. "Composition of the total household debt balance in the United States from 2003 to 2022, by type of lending." Chart. April 21, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1341966/composition-of-household-credit-in-the-us-by-type-of-lending/
Statista. (2023). Composition of the total household debt balance in the United States from 2003 to 2022, by type of lending. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1341966/composition-of-household-credit-in-the-us-by-type-of-lending/
Statista. "Composition of The Total Household Debt Balance in The United States from 2003 to 2022, by Type of Lending." Statista, Statista Inc., 21 Apr 2023, https://www.statista.com/statistics/1341966/composition-of-household-credit-in-the-us-by-type-of-lending/
Statista, Composition of the total household debt balance in the United States from 2003 to 2022, by type of lending Statista, https://www.statista.com/statistics/1341966/composition-of-household-credit-in-the-us-by-type-of-lending/ (last visited July 22, 2024)
Composition of the total household debt balance in the United States from 2003 to 2022, by type of lending [Graph], Statista, April 21, 2023. [Online]. Available: https://www.statista.com/statistics/1341966/composition-of-household-credit-in-the-us-by-type-of-lending/