US household debt ticks up to new all-time high as inflation continues to rise
American Express, Discover, MasterCard and Visa credit cards are displayed for a photograph in New York, U.S., on Tuesday, May 18, 2010. (Daniel Acker/Bloomberg via Getty Images)
(NEW YORK) — U.S. household debt, including mortgages, credit cards, auto loans and student loans, reached an all-time high of $18.8 trillion in the first three months of the year, according to new data Tuesday from the Federal Reserve Bank of New York.
The increase in overall debt was driven by higher balances on mortgages and auto loans.
Student loan debt slightly decreased to $1.66 trillion. However, many borrowers are falling behind on their payments, with more than 10% of student loan balances now past due, nearing pre-pandemic levels, the Federal Reserve Bank of New York said.
Credit card debt dipped by $25 billion during the first quarter of the year, with outstanding card balances at $1.25 trillion. Credit card debt is up by $70 billion over the past year.
On a call with reporters Tuesday morning, researchers at the New York Fed described Americans’ overall credit as “stable,” but noted there are weaknesses among younger consumers and lower-income households.
According to officials, mortgage balances are $13.2 trillion and auto debt stands at $1.69 trillion.
The record-high household debt comes amid rising inflation, which rose for a second consecutive month, government data on Tuesday showed.
Prices rose 3.8% in April compared to a year earlier, marking an increase from a year-over-year inflation rate of 3.3% in the prior month. Annual inflation jumped to its highest level in three years, U.S. Bureau of Labor Statistics (BLS) data showed.
White House Press Secretary Karoline Leavitt displays steps for U.S. citizens in the Middle East to take following U.S. strikes on Iran as she speaks during a news briefing in the James S. Brady Press Briefing Room of the White House on March 04, 2026 in Washington, DC. (Kevin Dietsch/Getty Images)
(NEW YORK) — The State Department announced on Wednesday that a charter flight for American citizens stuck in the Middle East was en route to the United States — days after the war with Iran left thousands of American travelers stranded as combat operations led to the closure of airspace around the region.
The department said the flight is “part of our ongoing efforts to assist Americans return home” and said additional flights will be departing from the United Arab Emirates, Qatar, Saudi Arabia and Israel.
The move comes as hundreds of thousands of Americans stranded across the Middle East are trying to leave the region, faced with canceled flights and other travel disruptions.
Chris Elliott, a pastor from Lexington, North Carolina, told ABC News that he and his family were stranded while visiting sites in Jerusalem. He said they ended up in a bomb shelter as sirens sounded and incoming missiles were intercepted.
“We want Americans to be on American soil right now,” Elliott said.
Eliott’s daughter, Riley, said it’s been frustrating and frightening to be forced to shelter in place since the joint U.S.-Israel attacks on Iran began on Saturday.
“The scariest for me was trying to go to bed at night and then being woken up by the sounds of sirens,” Riley Elliott told ABC News.
The U.S. State Department issued an advisory on Monday, three days into the military operation, urging Americans to immediately leave 14 countries in the region via commercial flights, but stranded U.S. citizens have said that’s become extremely difficult, given the significant disruptions to air travel.
The Trump administration is facing some criticism for apparently not having a plan in place to get American citizens out of harm’s way ahead of the joint operation.
Responding to a question on Tuesday from ABC News about why so many Americans became stuck in the Middle East absent any advance warning of the attack on Iran, President Donald Trump said, “Well, because it happened all very quickly.”
White House press secretary Karoline Leavitt said during a Wednesday press briefing that the U.S. did communicate the danger of traveling to the region.
“There was many signs, put out by the State Department,” Leavitt said. “The secretary of state issued level four travel advisories dating back to January for many of these countries in the region,” adding that they were “advising extreme caution and do not travel alerts to Americans in the region.”
However, a review of travel advisories issued by the State Department indicates that prior to the start of the conflict, of the the 14 countries American travelers were later urged to depart, eight of them were only listed at a Level 1 or Level 2 — meaning to exercise normal precautions or increased caution.
Leavitt also claimed that since the start of the U.S.-Israeli attack on Iran, over 17,500 Americans “have safely returned home from the Middle East, with over 8,500 American citizens returning home to the United States just yesterday alone.”
Multiple U.S. embassies in the region, including some that have been attacked, have said they are unable to help citizens trying to leave.
“Our embassies and our diplomatic facilities are under direct attack from a terroristic regime,” Secretary of State Marco Rubio told reporters on Tuesday in Washington.
Asked if there were plans in place to evacuate Americans before the attack took place, Rubio said, “That’s the plan we’re trying to carry out.”
“The problem is, or the challenge we are facing, is airspace closures,” Rubio said, adding that some airports were closed after being hit in strikes. “So, that’s a challenge, but rest assured, we are confident that we are going to be able to assist every American.”
Odies Turner, a private chef from South Carolina, told ABC News that he’s been stuck in his hotel in Doha, Qatar, since the military operation began. He said the unexpected experience of being in a war has left him “frustrated, anxious” and feeling helpless.
“How do you expect us to leave a country where the airspace is closed? People are really stranded here,” Turner said in a self-video recorded on Tuesday. “I really don’t know what to do. I’ve reached out to the embassy, consulate and airlines. There’s no information on when I will get back home. It’s a mess.”
American Lisa Butler said the military conflict left her and her family, who were part of a large travel group, stranded in Abu Dhabi before they were evacuated to Dubai.
“We were standing … outside of this beautiful mosque, looking up in the sky and seeing these missiles that have been intercepted,” Butler told ABC News about how she and her family learned while in Abu Dhabi that they were vulnerable to a major military conflict breaking out in the region.
Oliver Sims, an American from Texas, told ABC News that he has been stuck in Qatar.
“I was just a few minutes ago, listening to some explosions that are going off above my head,” Sims said. “And, you know, I know that officials have said use commercial means, but there are really no commercial means here for us to use. So it’s really difficult to try and figure out a way out.”
Asked to describe conditions in Qatar, Sims said that he has been awakened at night by “extremely loud explosions” that shook the windows of his hotel room.
“I looked out my window and I saw a bunch of debris that was raining down outside of my hotel window,” Sims said. “And it’s very jarring, too, because it’s not just how loud it is, just how it actually physically shakes you. The rumbling is really, really just as violent.”
An employee emerges after being rescued from a Family Dollar store destroyed by a tornado on March 10, 2026 in Lake Village, Indiana. The National Weather Service had issued an urgent warning about a large tornado moving through the area, calling it a “life-threatening situation.” (Photo by Michael Hickey/Getty Images)
(NEW YORK) — At least two people are dead and multiple others suffered injuries in Indiana due to severe weather overnight that is expected to continue into Wednesday, according to the Lake Township Fire Department.
More than 65 million people are in the path of more severe weather sweeping across parts of the U.S. Wednesday, from Houston to Philadelphia.
The system was forecast to spawn strong tornadoes, destructive winds and hail the size of baseballs.
At least 10 tornadoes were reported from Texas to Indiana. The National Weather Service issued at least 45 tornado warnings across seven states.
The most damage was potentially in Kankakee County, Illinois, and Starke County, Indiana. Hail larger than grapefruit in size fell in Illinois — up to 5.2 inches in diameter.
There were reports of houses that collapsed in Indiana and people stuck in homes but as of Wednesday morning there are no reports of missing people, according to the fire department.
Thunderstorm winds of 60 to 80 mph were recorded from Texas to Indiana.
Wednesday morning, thunderstorms continued to surge east, now forming a line more than 1,600 miles long across America from Canada to Mexico and from New York to Texas.
A level 2 out of 5 slight risk threat is in place Wednesday for more than 65 million Americans from Houston to Philadelphia and includes other cities such as Pittsburgh; Washington, D.C.; Baltimore; Louisville, Kentucky; Nashville and Memphis, Tennessee; Birmingham, Alabama; Shreveport, Louisiana; and New Orleans.
The main risks are for tornadoes, damaging wind and large hail.
Flash flooding is possible especially from East Texas through Louisiana, Mississippi, and southern Arkansas, where training, or consecutive, thunderstorms could dump multiple inches of rain over localized areas within hours.
Storms will reach Cleveland around 9 am and Pittsburgh around 11 am. Memphis will see storms in the morning and Nashville in the afternoon.
There were numerous reports of damage in Kankakee County, Illinois, where a large and extremely dangerous tornado was on the ground earlier Tuesday evening.
The Kankakee County Sheriff’s Office said “extensive damage” was reported in Aroma Park. There were no immediate reports of injuries, the sheriff’s office said in a news release.
A tornado watch was issued for North Central Illinois, along with small portions of Missouri, Iowa and Indiana until 11 p.m. local time.
The severe weather is expected to move offshore on Thursday morning, followed by a cold front that is expected to cause temperatures to quickly drop.
There’s a chance that lingering moisture behind the severe weather system may turn to snow for some areas, including Washington, D.C., and Richmond, Virginia, on Thursday.
Mount St. Helens National Monument, Washington. (David Mcnew/Getty Images)
(NEW YORK) — Stargazers will soon have an opportunity to view six planets in alignment in the night sky, according to NASA.
Mercury, Venus, Neptune, Saturn, Uranus and Jupiter will take part in a rare planetary parade on Saturday, the space agency said.
Planets are always on the move, so the viewing window will be brief. The best time to see the planets align will be just after sunset.
For the best view, astronomy guides recommend looking toward the western horizon about 30 minutes after sunset. This will give viewers the highest probability of spotting at least three planets at the same time, since Saturn, Mercury and Venus set in the west right after the sun.
The six planets will appear low in the western sky, with Mercury and Venus appearing the lowest and sinking below the horizon shortly after sunset, according to astronomers. Mercury and Venus are usually tricky to spot but will be visible on Saturday.
Saturn and Neptune will appear just above Mercury and Venus, while Jupiter and Uranus will appear a bit higher in the western sky, to the left of the others.
Viewers will need optical assistance via telescope or binoculars to see Uranus and Neptune, but the remaining four planets will be visible to the naked eye, NASA said.
Planets can sometimes appear “bunched together in the sky” because they orbit the sun in the same plane, known as the ecliptic, according to NASA. The planets will form a clear line along the ecliptic plane.
On the same day last year — Feb. 28, 2025 — seven planets were in alignment: Mars, Jupiter, Uranus, Neptune, Mercury, Saturn and Venus.
NASA says these planetary alignments happen every few years. The last one was visible from Earth in August 2025.
This year’s parade of planets is one of the first notable astronomical events taking place in 2026, according to NASA.
A total lunar blood moon eclipse will be visible from North America on March 3, especially for viewers on the West Coast. This will be the first lunar eclipse visible in the Americas since 2025.
A rare blue moon — which signifies the rare occasion of having a second full moon in the same month — will take place on May 31.
From June 8 to 9, the two brightest planets in the sky, Venus and Jupiter, will be in conjunction, appearing “only a pinky finger apart,” according to NASA.
The Perseids meteor shower, considered the best meteor shower of the year due to its swift and bright meteors, will be best seen from Aug. 12 to 13, during a darker sky courtesy of the new moon.
And the Geminids, the most reliable meteor shower of the year, will take place from Dec. 13 to 14.
A Christmas Eve supermoon — when a full moon is closest to the Earth — rounds out the most spectacular astronomical events in 2026, according to NASA.
ABC News’ Briana Alvarado contributed to this report.
