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The money investors borrow to trade in the U.S. stock market is at an all-time high

NPR | By Wailin Wong,

Ricky Mulvey

Published August 14, 2026 at 3:45 AM CDT

Money that investors borrow to trade in the stock market is called margin debt. This debt is now above $1.5 trillion, 50% higher than a year ago. Could this spell trouble for the U.S. economy?

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Morning Edition

Wailin Wong

Wailin Wong is a co-host of The Indicator from Planet Money.

Ricky Mulvey

Morning news brief

Leila Fadel, Michel Martin

Lawmakers and families raise concerns about conditions aboard USS Lincoln, as the U.S.-Iran war drags on, Iranians seek a break from the conflict, Russian-held Crimea faces Ukrainian drone campaign.
Becky G on her new album and the importance of protecting spaces for Latino joy

A Martínez

NPR's A Martinez speaks with multi-platinum singer, songwriter, and actress Becky G about her new album, "Baraja Bendita," which is Spanish for "blessed deck of cards."
Mike Huckabee says Israeli settlers attacking West Bank homes are 'terrorists'

Frank Langfitt, Leila Fadel

Israeli settlers have besieged three homes in the occupied West Bank, including one owned by a Palestinian American. U.S. Ambassador Mike Huckabee referred to the settlers as "terrorists."
Record cyclosporiasis outbreak tests agencies hit by Trump administration's cuts

Yuki Noguchi

Last year's funding cuts to federal agencies that oversee foodborne illness outbreaks are being tested with the record cyclosporiasis outbreak in the U.S.
At Big Bend National Park, bulldozers begin clearing land for border barrier work

Carlos Morales

In the Big Bend area of West Texas, contractors are beginning to set the stage for construction of the Trump administration's planned border wall and barriers, despite bipartisan opposition.