Holiday shopping hit a nine-year high this season. Nearly 203 million Americans clicked “buy now” between Thanksgiving and Cyber Monday. On paper, that looks like confidence. In practice, it looks a lot more like people putting groceries and g...
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Are America’s Household Debt Numbers Hiding a Bigger Problem?
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Subscribe07 JAN 2026 / FINANCE
Nearly 203 million Americans participated in holiday shopping, contributing to a nine-year high this season and pushing the total US household debt to $18.59 trillion as of September, according to the New York Fed. While economists are still debating whether this should be a cause for concern, several red flags have been raised, including increased credit card balances, high loan delinquencies, and rising debt service ratios, particularly among lower and middle-income households, suggesting that many are relying on debt to cover basic necessities.
Holiday shopping hit a nine-year high this season. Nearly 203 million Americans clicked “buy now” between Thanksgiving and Cyber Monday. On paper, that looks like confidence. In practice, it looks a lot more like people putting groceries and g...
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