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2013 Debt Statistics for US Consumers

2013 DEBT STATISTICS



MEDIAN DEBT OF HOUSEHOLDS



100,000



80,000



60,000



40,000



20,000



0



SECURED DEBT



TOTAL DEBT



UNSECURED DEBT



2000



2001



2002



2003



2004



2005



2006



2007



2008



2009



2010



2011



RECESSION



NOTE: TOTAL HOUSEHOLD DEBT IS TOTAL AMOUNT OF MONEY OWED BY HOUSEHOLDS. SECURED DEBT IS DEBT BACKED BY COLLATERAL. UNSECURED DEBT IS DEBT NOT BACKED UP BY COLLATERAL. MEDIAN HOUSEHOLD DEBT IS LOWER THAN MEDIAN SECURED DEBT SINCE NOT EVERY HOUSEHOLD HOLDS SECURED DEBT.



AGE GROUPS WITH THE LARGEST INCREASE IN MEDIAN DEBT

BETWEEN 2000 & 2011



35-44

$21,350



45-54

$23,055



55-64

$27,346



=$1000



US CONSUMER DEBT PROFILE 2013



AVERAGE CREDIT CARD DEBT



= $15,216



AVERAGE MORTGAGE DEBT



= $148,443



AVERAGE STUDENT LOAN DEBT

= $32,054



IN TOTAL, AMERICAN CONSUMERS OWE:



$849.8 BILLION IN CREDIT CARD DEBT



$7.9 TRILLION IN MORTGAGES



$992.7 BILLION IN STUDENT LOANS



ROUGHLY 2.0 TO 2.5 MILLION AMERICANS SEEK THE HELP OF A CREDIT COUNSELOR EACH YEAR MOSTLY TO AVOID BANKRUPTCY



75%



NEARLY 75% OF THOSE SEEKING HELP FROM A CREDIT COUNSELOR HELD A CREDIT CARD.



THE AVERAGE PERSON SEEKING A CREDIT COUNSELOR CARRIES A BALANCE ON TWO CREDIT CARDS.



THE AVERAGE CLIENT SEEKING THE HELP OF A COUNSELOR HAD $43,000 IN DEBT, OF WHICH $20,000 WAS CONSUMER DEBT & $8,500 WAS REVOLVING DEBT.

2013 Debt Statistics for US Consumers

shared by AdvantageCredit... on Jul 11, 2013 in Economy

2013 Debt Statistics for US Consumers

shared by AdvantageCredit... on Jul 11, 2013 in Economy

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Over the past decade, debt has been a growing problem for families across the country. While American consumers collectively owe almost $850 billion in credit card debt, average credit card debt stand...
Rank: 185 of 4186 in Economy

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