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Debt in America. How Many Americans are in Debt?

DEBT IN

AMERICA



How many Americans are in debt?



FEDERAL DEFICIT

314,424,211 people

100% of the USA

($16,019,913,550,450)



CREDIT CARDS

213,808,463 people

68% of the USA

($864,200,000,000)



MORTGAGE DEBT

178,880,000 poeple

57% of the USA

($10,012,800,000,000)



STUDENT LOANS

37,000,574 people

12% of the USA

($902,000,000,000)



How much does each of us owe?



FEDERAL DEFICIT

$50,950 per citizen

18ft. 3 in.



MORTGAGE DEBT

$55,975 per homeowner

20ft.



CREDIT CARDS

$4,042 per cardholder

1 ft. 5 in.



6 foot tall person



STUDENT LOANS

$24,378 per borrower

8 ft. 9 in.



* Amounts represented

as stacks of $1 bills.



What could that much money buy?



FEDERAL DEBT

$134,947 per household - the price of an

1800 SQ. FT. HOUSE



CREDIT CARDS

$4,042 per cardholder - the price of an

ALL-EXPENSE PAID TRIP TO HAWAII



MORTGAGE LOANS

$55,975 per borrower - the price of a

TRITON X2 FISHING BOAT



STUDENT LOANS

$24,378 per borrower - the price of a

2012 TOYOTA CAMRY



What is the average pay off rate?

(The amount grows faster

than it is being paid off)



FEDERAL DEFICIT UNKNOWN



CREDIT CARDS 6-12 MONTHS



HOME LOANS 15-30 YEARS



STUDENT LOANS 10-20 YEARS



DID YOU KNOW?



Alaska's average credit card debt i $7937 per person - the highest

in the nation



New Hampshire is home to the highest average student loan debt,

at $31,048 per student.



Utah has the lowest average student loan debt at $15,509 per

student.



2011 college student had an average of $23,000 in student loan

debt when they graduated



The median monthly payment on a mortgage loan in America is

$1,015. EDEBT= AMERICA IN How many Americans are in debt? * FEDERAL DEFICIT CREDIT CARDS 314,424, 211 people 100% of the USA ($16,019,913,550,450) 213,808,463 people 68% of the USA ($864,200,000,000) STUDENT LOANS MORTGAGE DEBT 178,880,000 people 57% of the USA ($10,012,800,000,000) 37,000,574 people 12% of the USA ($902,000,000,000) How much does each of us owe? FEDERAL DEFICIT $50,950 per citizen 18 ft. 3 in. MORTGAGE DEBT $55,975 per homeowner 20 ft. STUDENT LOANS $24,378 per borrower CREDIT CARDS $4,042 per cardholder 8 ft. 9 in. 1 ft. 5 in. 6-foot tall person *Amounts represented as stacks of $1 bills. What could that much money buy? * FEDERAL DEBT $134,947 per household - the price of an 1800 SQ. FT. HOUSE CREDIT CARDS $4,042 per cardholder - the price of an ALL-EXPENSE PAID TRIP TO HAWAII MORTGAGE LOANS $55,975 per borrower - the price of a TRITON X2 FISHING BOAT STUDENT LOANS $24,378 per borrower - the price of a 2012 TOYOTA CAMRY * What is the average pay off rate? FEDERAL DEFICIT (The amount grows faster than it is being paid off) CREDIT CARDS 6-12 MONTHS UNKNOWN HOME LOANS STUDENT LOANS 15-30 YEARS 10-20 YEARS EDDYOU KNOW? Alaska's average credit card debt is $7,937 per person - the highest in the nation. New Hampshire is home to the highest average student loan debt, at $31,048 per student. Utah has the lowest average student loan debt, at $15,509 per student. 2011 college students had an average of $23,000 in student loan debt when they graduated. The median monthly payment on a mortgage loan in America is $1,015. Sources: http://www.forbes.com/sites/jamesmarshallcrotty/2012/09/12/education-shocker-81-of-those-with-student-loan-debt-want-it-forgiven/ http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-0308-money-consumer-watch-20120308,0,516758.story http://www.asa.org/policy/resources/stats/default.aspx http://www.forbes.com/sites/moneybuilder/2012/05/30/bad-news-credit-card-debt-is-down/ http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php http://www.npr.org/2012/06/12/154868285/credit-card-debt-cut-the-reason-may-surprise-you http://money.msn.com/credit-rating/latest.aspx?post=e19e09de-67ee-4c0c-b9c4-ef985b695b56 http://www.responsiblelending.org/payday-lending/

Debt in America. How Many Americans are in Debt?

shared by andriyz on Mar 12
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this infographic illustrates how much debt is in America and how much each person contributes to the debt. It also illustrates easy to comprehend data on debt distribution.

Publisher

Cash Store

Designer

WrightIMC

Category

Economy
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