EPISODE · Feb 20, 2026 · 4 MIN
Rising Household Debt Is Putting the American Dream on Hold
from Mortgage Research Network Podcast · host Mortgage Research Network
America’s household debt has reached historic levels—and it’s increasingly standing between millions of Americans and homeownership. With credit card balances topping $1.23 trillion and more families relying on debt just to cover basic expenses, Tim Lucas and Craig Berry break down what the latest Federal Reserve data reveals about consumer borrowing, debt-to-income ratios, and why buying a home is getting harder even for working households.In this episode you’ll learn:How big the debt problem really is: Credit card debt alone has surged to $1.23 trillion, having continued to rise over the last year.Why emergencies trigger debt: Nearly 60% of Americans can’t cover a $1,000 surprise expense without borrowing.The rise of debt for necessities: About 31% of Americans are using buy-now-pay-later services to pay for groceries.How debt blocks homeownership: High credit card, auto, and student loan balances push debt-to-income ratios beyond mortgage limits.Why this isn’t about bad budgeting: Many borrowers are working multiple jobs and still falling behind as costs outpace wages.The role of new credit products: Earned wage access and BNPL make debt easier to access but harder to escape.The bigger picture: Why America’s debt crisis reflects systemic economic strain, not just personal financial choices.Read the full article: https://www.mortgageresearch.com/articles/americas-household-debt-problem-poses-real-threat-to-prospective-homeowners/
Embed this episode
Ready to play
Rising Household Debt Is Putting the American Dream on Hold
No transcript for this episode yet
Similar Episodes
No similar episodes found.