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Average American has $90,460 in debt

Average American has $90,460 in debt

As per credit bureau Experian, based on 2019 data, the average American has $90,460 in debt. This includes all types of consumer debt products, from credit cards to personal loans, mortgages and student debt. Millennials have seen the largest increase in debt in the last five years, seeing an increase of 58% at $78,396. Those in the age above 56 have seen a significant decrease in debt since 2015.

Chris
Chris
Jeff
Jeff 1 weeks

Millennial debt increases > bought a house 56 and up debt decreases > paid off a house Not sure why they'd include a mortgage in this

Nicholas
Nicholas 1 weeks

Debt to equity is the only meaningful measure.

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