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But recent data from The Motley Fool Ascent shows that American consumers carried an average debt load of $104,215 in 2023. As of 2023, the average mortgage debt was $244,498.
U.S. consumer debt snapshot. Average loan balances grew for most types of consumer debt in 2023. Credit cards—the debt products with the highest average interest rates for consumers—grew the most.
The average amount of credit card debt per consumer in the U.S. in 2023 was $6,501, according to Experian. ... The average U.S. consumer’s auto loan balance in 2023 was $23,792, Experian data ...
Countries by household debt, loans and debt securities as % of GDP 1980 to 2022 [1]; Country 2022 2021 2018 2017 2016 2015 2010 2005 2000 1995 1990
Household debt in Great Britain 2008-10. Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans.A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012.
In economics, consumer debt is the amount owed by consumers (as opposed to amounts owed by businesses or governments). It includes debts incurred on purchase of goods that are consumable and/or do not appreciate. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. [1]
According to Experian data, the total debt for American consumers reached $17.1 trillion in 2023, with credit card debt increasing 10% from 2022 to 2023. ... Total average debt: $125,047. Mortgage ...
(The Center Square) - A new study of Americans credit card debt finds the average household credit card balance as of the third quarter of 2024, was around $10,757 after adjusting for inflation.