Households Debt in the United States decreased to 70.70 percent of GDP in the second quarter of 2024 from 71.10 percent of GDP in the first quarter of 2024. Households Debt to GDP in the United States averaged 58.75 percent of GDP from 1950 until 2024, reaching an all time high of 98.80 percent of GDP in the fourth quarter of 2007 and a record low of 23.60 percent of GDP in the first quarter of 1950. source: Bank for International Settlements