There is precisely one plan with the raw power to clean this mess up and restore financial security to millions of American families. The Leviticus 25 Plan.
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US Household Debt Hits Record $18.6 Trillion As Student Loan Defaults Explode
ZeroHedge, Nov 05, 2025 – Excerpts:
The NY Fed published its Quarterly Report on Household Debt and Credit.
Surprising exactly no-one, the report showed that total household debt increased by $197 billion (1%) in Q3 2025, to a new record high of $18.59 trillion. split between $13.5 trillion in housing debt and $5.1 trillion in non-housing debt.
“Household debt balances are growing at a moderate pace, with delinquency rates stabilizing,” said Donghoon Lee, Economic Research Advisor at the New York Fed. “The relatively low mortgage delinquency rates reflect the housing market’s resilience, driven by ample home equity and tight underwriting standards.”
Details:
- Mortgage balances grew by $137 billion in the third quarter and totaled $13.07 trillion at the end of September 2025.
- Mortgage delinquency rate rose to 0.83% from 0.82% prior quarter
- Credit card balances rose by $24 billion from the previous quarter and stood at $1.23 trillion.
- Delinquency rate at 12.41%, highest since 2011
- Auto loan balances held steady at $1.66 trillion.
- Home equity line of credit (HELOC) balances rose by $11 billion to $422 billion.
- Student loan balances rose by $15 billion and stood at $1.65 trillion.
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Of course, with rising debt, come rising delinquencies, and in the case of student debt, absolutely explosive ones.
As the NY Fed writes, aggregate delinquency rates remained elevated in Q3 2025, with 4.5% of outstanding debt in some stage of delinquency. Transitions into early delinquency were mixed with credit card debt and student loans increasing, while all other debt types saw decreases.
…. and serious delinquency (90+ days) increased across all debt types.
Taking a closer look at the ground zero of the current consumption crisis, namely student Loans, where outstanding debt stood at $1.65 trillion in Q3 2025.
And the punchline: missed federal student loan payments that were not previously reported to credit bureaus between Q2 2020 and Q4 2024 are now appearing in credit reports. Consequently, student loan delinquency rates have continued to surge after a sharp rise in the first half of 2025. In Q3 2025, 9.4% of aggregate student debt was reported as 90+ days delinquent or in default, as compared to 7.8% in Q1 2025 and 10.2% in Q2 2025. Also of note in the chart below, the credit card serious delinquency rate is actually creeping up even faster, and hit 12.41%, the highest since 2011.
And the most remarkable observation: over 20% of all student debt by those aged 50 and over (!) is effectively in default (technically it is still delinquent, but if millions haven’t made even a token effort to repay it in 90 days, one can safely classify it as in default).
That’s millions of potential consumers whose credit rating is about to get obliterated and who will not have access to credit cards or other debt forms for a long time.
More in the full New York Fed presentation.
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The Leviticus 25 Plan retargets Fed liquidity flows to grant U.S. citizens the same direct access to liquidity extensions that the Fed and U.S. Treasury so generously provided to very same domestic and foreign financial institutions that precipitated the subprime mortgage debacle and subsequent Great Financial Crisis (2008-2010).
The GFC housing market collapse “wiped out $11 trillion in household wealth.” Over 9 million people lost their jobs, and “at least 10 million people lost their homes due to foreclosure, according to The Los Angeles Times.”
The Leviticus 25 Plan will eliminate trillions of dollars of Household Debt and generate $36.568 trillion federal budget surpluses during each of its first five years of activation (2026-2030).
The Leviticus 25 Plan, in one fell swoop, will effectively resolve the student loan debt crisis in America – while at the same time providing equal financial security benefits to those who paid off their loans and those who chose to bypass college and enter directly into the work force.
The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government.
The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
$95,000 per U.S. citizen – Leviticus 25 Plan 2026 (39855 downloads )