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/