Debt in America
Did You Know?
- The average American family never pays off its credit cards. The average family carries at least $4,300 in credit card debt for more that 20 years,.
- The average American family carries more that $170,000 in debt while earning just $50,221 per year.
- Most people don’t really understand how long it will take to pay back their debt. When they add it up and do the math they are shocked.
Please review the chart below to more shocking details about American consumer family debt.
The above graphic American Consumer Family Debt Facts is attributed to Wink and Wink, P.C.