Americans’ Average Monthly Mortgage Payment Tops $2000 For The First Time Ever

Authored by Michael Snyder via The Economic Collapse blog,

U.S. households are being financially squeezed at a level that we have never seen before. I have often said that we are in a long-term cost of living crisis that never seems to end, and that is not an exaggeration at all. Just about everything has been getting more expensive in recent years, and as a result our standard of living has been going down. In many areas of the country, you now have to earn six figures just to live a basic middle class lifestyle. The numbers that I am going to share with you in this article may be hard to believe, but they are very real. Inflation has been out of control for many years, and hard working American families are being absolutely crushed.

For the first time in U.S. history, the average monthly mortgage payment now exceeds $2,000…

Homeowners faced a sticker shock at the end of 2025 as the average monthly mortgage payment topped $2,000 for the first time—a historic milestone reflecting the combined pressure of high home prices and elevated interest rates.

In the fourth quarter of last year, the average payment for existing mortgage holders climbed to $2,005, representing a striking 44% surge compared to 2021, according to the latest quarterly outstanding mortgage report from the Realtor.com® economic research team.

In other words, the typical homeowner saw their monthly mortgage payment jump by more than $600 in just three years, an eye-watering surge.

Take another look at those figures.

All along, federal bureaucrats have been feeding us numbers that show that the inflation rate is very low, but the average monthly mortgage payment has risen by 44 percent just since 2021.

Needless to say, someone is not telling us the truth.

But that isn’t even the worst part.

Today, what the average American family is paying for health insurance each month is even higher than the average monthly mortgage payment…

The numbers don’t lie. The average American family now pays over $2,200 a month for health insurance; surprisingly, that’s more than the average monthly mortgage payment of $2,000. Let that sink in. Keeping a roof over your head costs less than keeping your family covered.

That is not a market failure. That is a system rigged by liberals and government bureaucrats designed to benefit corporate giants at the expense of everyday Americans. Premiums are soaring, and insurers are cashing in. It needs to stop.

Americans are noticing. A recent poll found that a staggering 90 percent of Americans say health insurance companies have too much control and should be broken up, with 74 percent strongly agreeing. The overwhelming majority of Americans know there is a problem. They are screaming for justice.

That is outrageous.

Is there anyone out there that wants to attempt to defend how expensive health insurance has become?

Our system is so broken, and the politicians in Washington have given up on trying to fix it.

Meanwhile, pretty much everything else is becoming more expensive too.

And thanks to the war in Iran, American households have had to shell out an extra 100 billion dollars in just three months…

The war in Iran has cost US households $100 billion in three months, Moody’s Analytics says.

Now in its fourth month, the conflict has cost nearly $750 per household. The increased cost to consumers has mostly been felt in energy prices, but the inflation picture continues to deteriorate the longer the war drags on without a resolution in sight. What’s more, Moody’s says that tailwinds for household like Donald Trump’s tax cuts have been offset by war-fueled cost increased.

This is money that is coming directly out of your pockets.

The rising cost of gasoline alone has sucked an extra 400 dollars out of the typical U.S. household…

According to researchers at Brown University’s Watson School of International and Public Affairs, Americans have paid an additional $51.7 billion in gasoline and diesel costs since the conflict began on February 28, equivalent to nearly $400 per household. And Moody’s Analytics, in findings shared with CNBC, puts this figure even higher, at $450.

There is no end in sight for the crisis in the Middle East, and that means gasoline prices are likely to go significantly higher.

Commercial oil inventories are being rapidly depleted, and the Strategic Petroleum Reserve is “dropping toward levels not seen since the 1980s”…

America’s emergency oil reserve is dropping toward levels not seen since the 1980s, as the United States rapidly drains its supplies to stabilize global energy markets rattled by the war with Iran.

According to the latest report from the Energy Information Administration (EIA), the U.S. has 365.1 million barrels of oil sitting in the Strategic Petroleum Reserve (SPR) in the week ending May 22, compared to 374.2 million a week prior and down by over 50 million barrels since the conflict began on February 28.

The price of oil has a direct impact on prices for just about everything else, and so that is really bad news.

As ordinary Americans are being squeezed harder and harder, household debt has been rising and the credit card delinquency rate has spiked to a very alarming level…

According to data released by the New York Fed in May, total U.S. household debt climbed to an all-time high of $18.8 trillion in the first quarter of 2026. Much of this is housing debt, and credit card balances dropped slightly over the period, but the rising total has coincided with an increase in late payments.

The percentage of credit card balances at least 90 days delinquent reached 13.1 percent in the first quarter, up 0.4 percent from the previous one and reaching its highest rate in 15 years.

Millions upon millions of Americans are working as hard as they can and it still isn’t enough.

To many people, it just seems like there is no way that they can win, and so many are choosing to simply drop out of the game.

In fact, one out of every three American men are no longer in the workforce at all…

The number of American men participating in the workforce has fallen to one of its lowest levels in nearly two decades, according to new federal labor statistics.

Just 66 percent of men age 20 and older were employed or actively seeking work as of April, according to data released earlier this month by the US Bureau of Labor Statistics. That figure has dropped sharply from 73 percent in 2006 and now sits near levels last seen during the fallout from the 2008 financial crisis.

The numbers mean roughly one in three American men are no longer in the workforce.

This is what a crumbling economy looks like.

Only 66 percent of American men that are at least 20 years old are working.

How low does that number have to drop for us to admit that we have a historic crisis on our hands?

I have heard from so many readers that are feeling more financial stress right now than they ever have in their entire lives.

That isn’t a coincidence.

Decades of incredibly foolish decisions have resulted in a sl0w-motion economic decline that has really started to pick up speed in recent years.

Now the pain is beginning to feel like it is unbearable, but the truth is that our problems are only going to intensify from here.

Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.