Total household debt, monitored quarterly by the New York Fed's Consumer Credit Panel, provides a comprehensive measure of U.S. consumer financial obligations. This aggregate metric encompasses mortgage debt (71%), student loans (10%), auto loans (9%), credit card balances (6%), and other consumer credit (4%). The data tracks credit quality distributions (prime borrowers representing 66%), origination volumes, and delinquency patterns across debt types. Demographic analysis reveals generational differences in debt composition: millennials holding higher student loan proportions, Gen X with peak mortgage debt, and baby boomers showing lowest debt levels. Geographic distribution indicates significant regional variations in debt levels and types, correlating with housing costs and economic conditions. Historical trends demonstrate sensitivity to economic cycles, interest rate environments, and policy changes. This key indicator influences monetary policy, financial stability assessments, and consumer spending patterns, with detailed analysis of debt service ratios (9.8% of disposable income) and household financial health metrics.