Prior to the Pandemic (and the subsequent recession), household or consumer debt outstanding was at an all-time high.
Figure 7.1. Household Debt Hits New High by Statistais used under a CC BY-ND 3.0 License.
The total amount of consumer credit outstanding at the end of the first quarter of 2020 was $14.3 trillion. Of this amount, here are the types and amounts of the outstanding loans as of the end of Q1, 2020 (note that the Pandemic Recession began in February 2020, but the President’s order to shut down restaurants, hotels, bars, etc. was March 16, 2020).
Figure 7.2. Household Debt and Credit Developments as of Q1 2020 by Federal Reserve Bank of New York has no known copyright restrictions.