Margin debt just hit $1.008 trillion, the highest level in history. That’s more leverage than at the peak of the dot-com bubble or the 2008 crash.

The claim consists of two main components: first, that margin debt has hit $1. 008 trillion, the highest level in history; second, that this level of leverage exceeds the peaks seen during the dot-com bubble and the 2008 crash. Recent data from FINRA and market analysts confirm that margin debt has surged to just over $1 trillion, representing a new all-time high.advisorperspectives.comadvisorperspectives.comMargin Debt Surges 9.5% in June to Record High - dshortinvestopedia.cominvestopedia.comMargin Debt Reaches New High

Historical comparisons show that margin debt as a nominal figure was lower during the dot-com bubble peak and the 2008 financial crisis, although some sources note that margin debt relative to GDP or market size can vary.markets.businessinsider.commarkets.businessinsider.comMarkets Echo 1999 and 2007 Euphoria As Margin Debt Flashes Warningcurrentmarketvaluation.comcurrentmarketvaluation.comMargin Debt Indicates Stock Market sentiment is Neutral The claim about leverage being higher than at those previous peaks is generally supported by nominal dollar amounts and some analyses of margin debt relative to economic indicators.markets.businessinsider.commarkets.businessinsider.comMarkets Echo 1999 and 2007 Euphoria As Margin Debt Flashes Warning

However, nuances exist because leverage metrics can be measured in different ways (e.g., as a percentage of GDP or market capitalization), and some sources highlight that while nominal margin debt is at record highs, growth rates or other factors may differ.currentmarketvaluation.comcurrentmarketvaluation.comMargin Debt Indicates Stock Market sentiment is Neutral Overall, the statement accurately reflects recent data on margin debt levels and their historical context but simplifies complex leverage dynamics into a direct comparison.

No significant contradictory evidence was found in credible sources. The claim is time-sensitive and based on data through mid-2025, so ongoing monitoring is warranted.