The Household Debt and Credit Report was released on 5/13/2025. In Q1 2025, the largest loan category with 90+ day delinquencies (out of the categories: Credit Cards, Student Loans, Other, Mortgages, Auto Loans and HELOC) was Credit Cards at 12.3%.
Credit Card 90+ day delinquencies have been trending higher since Q2 2023 when they were 7.6%. For perspective, they remain below the peak (for the time period 2003 – 2025) of 13.7% during the financial crisis in Q1 2010.
Breaking down Credit Card serious delinquencies by age group, ages 18 – 29 had the highest proportion in Q1 2025 at 10.3%, followed by ages 30- 29 at 8.7%.
The next chart outlines the top ten states that have the highest credit card delinquency rates in Q1 2025.
Nevada had the highest delinquency rate at 14.5%, followed by Florida at 13.5% and Louisiana at 12.9%.
Utilizing data from Wallethub, the heatmap below outlines the average credit card debt by state in 2025.
The states with the largest credit card debt included: Alaska at $9,255, followed by Maryland at $9,047 and New York at $8,920.
The states with the smallest credit card debt included: Iowa at $5,795, followed by Kentucky at $5,098 and West Virginia at $5,938.
