Americans’ Debt Soars in Borrowing Binge

student-loans,government,fixed-income,policy,monetary-policy,interest-rates,personal-finance,well-spent,consumer-discretionary,household-debt,consumer-debt

Jennifer Surane

Bloomberg Headshots

Student Loans

Interest Rates

Consumer Debt

Consumer Spending

Travel

U.S. Economy

Executives

Household Debt

Markets

Finance

Fixed Income

Policy

Monetary Policy

Retail

Government

Consumer Discretionary

Economics

United States

Luxury

Personal Finance

Americas

Well Spent

The amount of outstanding auto loans also reached a record.

Pending Home Sales In U.S. Increase By Most In Nearly A Year

Americans are officially borrowing more than they ever have.

Big Auto Loans, Low Interest Rates: Americans Binge on Debt in 2021

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.