The latest Household Debt and Credit Report showed a $197 billion increase in total household debt during Q3, reaching a record $18.59 trillion. Mortgage debt, which represents the bulk of household debt, grew by $137 billion to $13.07 trillion. Non-housing debt also increased with credit card balances rising by $24 billion from the previous quarter to $1.23 trillion and student loan balances increasing by $15 billion to $1.65 trillion.