Most Americans Had Debt From Last Christmas November 2024. However, 2024 could bring relief to struggling americans. The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.
National debt grew to a record $34 trillion by the end of 2023, and it ballooned to nearly $35 trillion by the middle of 2024. The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.