The average debt of the American family on loans - more than $ 90 thousand
On average, US families owe $90 and $336 on open loans, but this includes those who have no debt at all. If we count only “debtors,” the average amount will already be more than $130 thousand.
Such data are given in Research for 2015 year of the portal NerdWallet, which took into account the debts on credit cards, mortgages, car loans, student loans and others.
At the same time, due to interest on loans, Americans annually lose more than $ 6600 per family, which is about 9% of their average income.
For example, the average student loan per student is $29 thousand, and the average per family is more than $48 thousand. Some families have several students at once, so the debt categories differ markedly.
It should be noted that not all debt is bad. For example, a mortgage loan is considered one of the most significant investments because the price of the property you pay for will obviously increase in the future.
In addition, low interest rates are coming along. The same goes for most educational loans. Debt recovery is more flexible than with many other types of loans.
The presence of several types of loans has a positive effect on your credit rating, making up about 10% of the total points.
It's much worse if you have large credit card debts. And in this case, even your high credit rating will not help you improve the situation. The average loan debt per family is more than $15 thousand, which is about $2630 in losses due to accrued interest.
Try to pay more on your credit cards. Minimum payments will lead to a debt hole for decades, and a small surcharge every month will save significant funds.
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