Core Insights - Total household debt in the U.S. reached $18.9 trillion by the end of Q3 2025, with the average household debt at $154,152 [1] Mortgage Debt - The average household mortgage debt is $108,425, which is a normal increase correlated with rising home values [2] HELOC Debt - HELOC debt rose by $8 billion in Q3 2025, marking the fourth consecutive increase in this category, indicating that individuals are borrowing against their homes [3] Credit Card Debt - Credit card debt increased to $1.23 trillion by the end of Q3 2025, reflecting Americans' attempts to manage stagnant wages against rising costs [4] - Credit card debt saw a slight drop in Q1 2025 but increased in Q2 and Q3, with projections indicating an overall rise for the year due to typical consumer spending patterns [5] Overall Assessment - The increase in mortgage debt is attributed to rising home prices, while the increases in HELOC and credit card debt are concerning as they suggest reliance on debt as a financial resource [6]