| Other Debt | Home Equity Line of Credit Debt | Auto Loan Debt | Credit Card Debt | Student Loan Debt | Mortgage Debt | |
|---|---|---|---|---|---|---|
| Average American Debt | 1101.44 | 1835.73 | 2202.88 | 2202.88 | 2937.18 | 26434.58 |
$
Sources:
cashmoneylife.com
Share:
| Other Debt | Home Equity Line of Credit Debt | Auto Loan Debt | Credit Card Debt | Student Loan Debt | Mortgage Debt | |
|---|---|---|---|---|---|---|
| Average American Debt | 1101.44 | 1835.73 | 2202.88 | 2202.88 | 2937.18 | 26434.58 |
Benjamin Franklin once said that it was better to go to bed without dinner than rise in debt. It seems that Americans have not taken his advice. On average, Americans hold over thirty-six thousand dollars in debt, the vast majority of which consisting of their mortgage. A report by the Federal Reserve placed the total debt held by Americans at 11.44 trillion dollars.