It may be good news and bad news when it comes to Americans and their debt. According to Experian, the average total debt balance among consumers in the United States were largely unchanged in 2025. However, consumers are still carrying quite a bit of debt.
How Much Debt?
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In June 2025, U.S. consumers carried an average balance of $104,755. That’s down just a bit from $105,580 in June 2025. Specifically, average balances increased for the most common types of consumer debt — auto loans, credit cards and mortgages. It may be helpful to note that one-time discharges of student loan debt may be distorting some of the numbers.
Here’s a closer look at some of the specific types of debt Americans have in 2025, compared to 2024.
Auto Loans
- 2025: $24,596
- 2024: $24,187
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Credit Cards
- 2025: $6,735
- 2024: $6,699
Mortgages
- 2025: $258,214
- 2024: $250,479
What To Do?
GOBankingRates asked some financial experts what everyday Americans can do to keep their debt in check.
“As simple as it sounds, going back to the basics is key to start with: Create a monthly budget, keep non-essential spending in check and look for simple ways to cut costs during the week,” said Annie Cole, Ed.D., money coach and founder of Money Essentials for Women. “For example, meal prep and eat more at home and cancel the gym membership and try at-home workouts.”
According to Taylor Kovar, certified financial planner (CFP) and CEO of 11 Financial, “One helpful first step is to list every balance and interest rate in one place. Seeing the full picture helps people decide where to start.”
Brandon Gregg, CFP and advisor with BBK Wealth Management, said credit should be used wisely and it should be a goal to pay off credit or charge cards monthly. This means that purchases should be done within your means.
“If someone has a large amount of debt, then consolidating debt at lower rates or even using equity in your home to consolidate may be a good option to better your cash flow and work toward lowering your overall debt,” Gregg added.
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This article originally appeared on GOBankingRates.com: Car Loans, Mortgages and More: See How Much Debt Americans Have in 2025
