consumer debt clockConsumer Debt Clock


Consumer Debt – This is the amount of revolving accounts and non-revolving personal debts including automobile loans and credit card debt.

U.S. National  -This number represents the sum of all debts owed by the U.S. government to the holders of U.S. Treasuries, Notes and Bonds. The holders of these U.S. Treasuries are composed of people, businesses and foreign governments including China, the holder of the largest amount of U.S. Treasuries. The rest of the U.S. National Debt is Government Account Securities. This is defined as what the government owes to itself in monies borrowed from Social Security and other funds that had significant surpluses until the federal government borrowed the funds.

Mortgage  – The number shown here reflects the single and multifamily residences, farms, non-farms and nonresidential mortgages.

Credit Card  – As shown here, it represents the unsecured consumer indebtedness owed to credit card companies and banks. Unsecured means that the debt is not guaranteed by collateral.

Per Capita – This is the total amount of consumer debt in this table divided by the number of U.S. Citizens. For purposes of finding the number estimated U.S. citizens, the following calculation seems like a backward process since we have no way of determining the accuracy of the estimated number of U.S. citizens. However, the sources of data include the U.S. Census. To find the number of U.S. citizens, divide the amount of consumer debt by amount per capita.

Per Taxpayer – This amount is calculated, as shown here, by taking the total amount of consumer debt divided by the number of U.S. Taxpayers. Again, a backward process is used to find the number of U.S. Taxpayers.  Simply divide the amount of consumer debt shown here by the per taxpayer figure.


Data Source: Federal Reserve, U.S. Treasury,
U.S. Census Bureau.
Re-calculated when new figures are released.

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