U.S. consumer debt reached $18.25 trillion in June 2026, up 2.1% from a year earlier and 0.32% from the first quarter, as mortgage and revolving bankcard balances continued to rise while Equifax reported improving delinquency trends across auto, bankcard, personal loan and mortgage portfolios. Mortgage debt made up about 74% of total balances, with first mortgage balances up 1.9% year-over-year and HELOC balances up 12.5%, while bankcard debt rose 8.2% from about $1.02 trillion in June 2024 to roughly $1.1 trillion in the second quarter of 2026, faster than roughly 6.5% inflation over the same period. Student loan balances fell to $1.287 trillion, and Emmaline Aliff, Advisory Leader at Equifax, said consumers paid down seasonal card borrowing in the first quarter before taking on more debt in the second, leaving auto loans, student loans and bankcards still accounting for roughly 90% of non-mortgage debt. The stabilization signal contrasts with separate New York Fed data that had shown credit card balances at $1.26 trillion in the second quarter and the share of balances more than 90 days past due at 12.8%, underscoring mixed readings on household financial stress.