New York Fed: credit card debt and delinquencies stay high
What’s happening
U.S. household debt reached $18.8 trillion in Q2 2026, with credit card balances up $54 billion over the year to $1.26 trillion. An annualized 6.97% of card balances moved into serious (90+ day) delinquency, and new auto and card delinquencies remain elevated.
What to do
Add debt management, emergency savings and credit counseling to 2027 financial wellbeing programs.
How Workbliss can help
Workbliss financial wellbeing programs, from budgeting to debt support, can run across your locations.
Plan support for your teamsSource
newyorkfed.org. Checked October 19, 2026.