US & Canada Debt Statistics 2026 — Complete Data Report
This report compiles the latest US and Canada debt statistics 2026 from official sources including the Federal Reserve, New York Fed, Statistics Canada, and Experian. Updated June 2026.
US & Canada Debt Statistics 2026: Key Numbers at a Glance
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| Indicator | United States | Canada |
|---|---|---|
| Total Consumer Debt | $17.7 trillion (Q1 2026) | CAD $2.5 trillion (2025) |
| Credit Card Debt (Total) | $1.37 trillion | CAD $103 billion |
| Average Credit Card Debt (per holder) | $6,380 | CAD $4,200 |
| Mortgage Debt (Total) | $12.8 trillion | CAD $2.1 trillion |
| Student Loan Debt (Total) | $1.77 trillion | CAD $28 billion |
| Auto Loan Debt (Total) | $1.63 trillion | CAD $165 billion |
US Consumer Debt Statistics 2026
According to the Federal Reserve’s latest release, total US household debt reached $17.7 trillion in Q1 2026, marking the highest level ever recorded. Credit card balances remain the fastest-growing segment, up 8.2% year-over-year.
- Credit card delinquency rate (90+ days): 11.1% (highest since 2011) — Source: New York Fed
- Average APR on credit cards: 21.6% — Source: Federal Reserve
- Households carrying credit card debt: 47% — Source: CFPB
- Median credit card balance: $2,900 — Source: Experian
- Personal loan delinquency rate: 3.6% — Source: TransUnion
Canada Debt Statistics 2026
Canadian household debt continues to rank among the highest in the G7 relative to GDP. The Bank of Canada reports that household debt-to-income ratio stands at 181.7%, meaning Canadians owe $1.82 for every dollar of disposable income.
- Household debt-to-income ratio: 181.7%
- Average mortgage balance: CAD $312,000
- Average credit card balance per cardholder: CAD $4,200
- Consumer insolvency filings (2025): 147,000 — Source: Office of the Superintendent of Bankruptcy
US vs Canada Debt Statistics: Key Differences
When comparing US and Canada debt statistics, several patterns emerge. Canadian consumers carry proportionally less credit card debt but significantly more mortgage debt relative to income. The US student loan crisis has no equivalent in Canada, where provincial programs and lower tuition costs reduce the burden.
Sources
- Federal Reserve — Consumer Credit G.19 Release (2026)
- New York Federal Reserve — Household Debt and Credit Report (Q1 2026)
- Bank of Canada — Financial System Review (2025)
- Statistics Canada — National Balance Sheet Accounts (2025)
- Experian — Consumer Credit Review (2026)
- Office of the Superintendent of Bankruptcy Canada (2025)