The U.S. Now Has: 1. Record $16.5 trillion in household debt 2. Record $11.9 trillion in mortgages 3. Record $1.6 trillion in auto loans 4. Record $986 billion in credit card debt Total mortgage debt is now more than double the 2006 peak. Meanwhile, 36% of Americans have more credit card debt than savings with balances rising at the fastest pace since 1999. This is all while mortgage rates just hit 7.1% and credit card debt rates hit a record 24.9%.