As of 2026, more than half of global household debt is concentrated in just two countries — the United States and China — while Turkey's position in the ranking has drawn attention.
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Global household debt has risen to $65.3 trillion as of 2026. According to data reported by Cumhuriyet newspaper, more than half of this debt is concentrated in just two countries: the United States and China. The figures underscore the extent to which global borrowing is concentrated in particular economies.
As the research ranks the world's most indebted countries, Turkey's position on the list has entered public discourse. Household debt comprises the sum of various financial obligations of individuals, including mortgages, auto loans, consumer credit, and credit card debt.
For Turkey specifically, analysts assess that the high inflation environment and accelerating credit use in recent years have directly contributed to this picture. Data pointing to a marked increase in household indebtedness in emerging economies places Turkey within this trend.
According to Cumhuriyet, the global borrowing trend has gained momentum since 2024. Experts caution that this increase could pose a medium-term risk to financial stability not only for developed but also for developing countries.