How Much Consumer Debt Do Americans Have?

by Lynnette Khalfani-Cox, The Money Coach on January 9, 2010

in Credit Cards, Debt, Family Finances, Loans, Real Estate, Student Loans


Debt is such a huge problem in America. We’re up to our eyeballs in debt of all types: Mortgage loans. Credit cards. Student loans. Automobile loans. You name it – we’ve got it. The average size mortgage in the U.S. is about $200,000 – and this number is smaller than it was due to the housing crisis. The typical U.S. family carrying a balance on their credit cards owes about $10,000 on those cards. The average college graduate leaves school owing more than $20,000 in student loans. And the average car loan now exceeds $27,000.

Is it any wonder that, according to the Federal Reserve Bank, Americans collectively owe $2.5 trillion in consumer debt – excluding their mortgages? Throw in another $14 trillion in home loans, and it’s clear we have a major issue with debt that won’t go away any time soon.

This Article Answered The Following Money Questions:

  • how much credit card debt do americans have
  • how much debt does the average american have
  • how much debt do americans have
  • the total consumer debt in america equals
  • How much does the average consumer owe in the U S
  • How much does the average consumer owe in the U S on their
  • Previous post:

    Next post: