U.S. consumer debt rose by $25 billion in March, reaching a record $5.14 trillion, the largest monthly increase since March 2025. Revolving credit, which includes credit‑card debt, climbed $10 billion to $1.34 trillion, the highest level since November 2024 and the biggest monthly jump since February 2024. Non‑revolving credit, mainly auto and student loans, increased $15 billion to a record $3.80 trillion. Since the pandemic began in 2020, total consumer debt has grown by $1.05 trillion, underscoring the continued rapid rise in household borrowing.
US Consumer Debt Hits Record Amid Inflation