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Thursday, September 4, 2014

80. How well are you doing financially in handling your debt?

How well are you doing financially in handling your debt? The average U.S. household has $205,378 in debt. 





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The average US household credit card debt stands at $15,480, the result of a small number of deeply indebted households forcing up the numbers. Based on an analysis of Federal Reserve statistics and other government data, the average household owes $7,221 on their cards; looking only at indebted households, the average outstanding balance rises to $15,480. Here are statistics, trends, studies and methodology behind the average U.S. household debt.
Current as of August 2014
U.S. household consumer debt profile:
  • Average credit card debt: $15,480
  • Average mortgage debt: $156,474
  • Average student loan debt: $33,424
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