The Federal Reserve Bank of New York reported that aggregate U.S. household debt declined by $13 billion quarter-over-quarter to a total of $18.8 trillion in Q2’26. The decline was due to a temporary gap in the reporting of mortgages on credit reports caused by a transfer of servicing. Mortgage balances declined by $74 billion to $13.1 trillion, while balances on home equity lines of credit increased by $13 billion over the period. Debt balances for auto loans increased by $28 billion to $1.71 trillion, while credit card balances increased by $21 billion to $1.26 trillion during the quarter.