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flag New Jersey ranks 12th in rising household debt, averaging $187,588 per household in Q3 2025.

flag New Jersey ranks 12th nationally for rising household debt, with average debt per household at $187,588 in Q3 2025—$33,000 above the U.S. average—according to WalletHub. flag The increase of $636 from the prior quarter reflects ongoing financial pressure, driven by high living costs like housing and property taxes. flag While national debt growth slowed by 19% year-over-year and debt-to-asset ratios remain stable, credit card debt remains a major concern. flag Experts urge residents to budget, refinance, and cut nonessential spending to manage rising debt.

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