[CLSTR]
< Back to all clusters
[BUSINESS] · United States · 5 sources

started · updated

Part of situation: US household debt trends and consumer delinquency (11 clusters)

Intuit Credit Karma report shows rising average American debt

American debt student loans Gen Z financial hardship subprime borrowers credit report

A July 2026 study by Intuit Credit Karma involving over 107.3 million members reveals that average overall debt rose to $60,112 between April and June 2026, representing a 2.38% increase since late 2025.

Student loan debt experienced the most significant growth, rising 6.3% in the first half of 2026. Generation Z reported the fastest-growing debt across multiple categories, including student loans (10.47%), auto loans (2.98%), and mortgage debt (2.64%). While Gen Z's credit card debt remained nearly flat, the generation saw a slight increase in average open collections.

Debt among subprime borrowers also saw a substantial rise, increasing 9.76% in the second quarter of 2026 compared to the fourth quarter of 2025.

Entities

Intuit Credit Karma

Sources

A picture of average American debt, according to Credit Karma data - The Ponte Vedra Recorder [pontevedrarecorder.com]
A picture of average American debt, according to Credit Karma data - Perryville Republic Monitor [republicmonitor.com]
A picture of average American debt, according to Credit Karma data [keyt.com]
A picture of average American debt, according to Credit Karma data [localnews8.com]
A picture of average American debt, according to Credit Karma data [kesq.com]