报告显示，家庭债务余额季增 1% 至 $18.8 trillion；同时关键分项的严重压力加剧：信用卡 90+ 天逾期比例达 12.7%，为 2011 年 Q1 以来最高，汽车贷款严重逾期升至 5.2%，接近 2010 年高点。房贷逾期也上升，且集中在低收入 ZIP codes 与房价下跌地区；此外，疫情期间暂停还款结束后，学生贷款的还款问题加速恶化。
学生贷款是此次跳升的主要推动因素之一，Q4 有 16.3% 的学生贷款债务转为逾期，为自 2004 年开始统计以来最大增幅。年轻劳工市场压力与这些信贷结果一致：12 月 16-24 岁失业率为 10.4%，接近 2021 年以来高位。综合来看，趋势指向债务总量广泛增长但违约风险集中，脆弱性在低收入地区、年轻族群与受房价下跌影响的借款人中最高。
US household debt stress worsened in Q4 2025, with total delinquency across mortgages, credit cards, auto loans, and other household credit rising to 4.8% of outstanding debt, the highest since 2017, according to the New York Fed’s report released on February 10, 2026 (US time). Although aggregate delinquency is still near pre-pandemic norms, the distribution is increasingly uneven, with the sharpest deterioration among low-income borrowers and younger households, signaling a more bifurcated consumer economy.
The report shows household debt balances increased 1% quarter over quarter to $18.8 trillion, while serious stress intensified in key segments: credit-card balances 90+ days delinquent reached 12.7%, the highest since Q1 2011, and auto-loan serious delinquency rose to 5.2%, near the 2010 peak. Mortgage delinquency also increased and was concentrated in lower-income ZIP codes and places with falling home prices, while student-loan repayment problems accelerated after the pandemic-era payment pause ended.
Student loans were a major driver of the jump, with 16.3% of student-loan debt becoming delinquent in Q4, the largest increase in records starting in 2004. Labor-market strain among younger workers aligns with these credit outcomes: unemployment for ages 16-24 was 10.4% in December, near the highest levels since 2021. Taken together, the trend points to broad debt growth but concentrated default risk, with vulnerability highest in lower-income geographies, younger cohorts, and borrowers exposed to housing-price declines.