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American Consumer Family Debt Facts

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.

American Consumer Family Debt Facts

American Consumer Family Debt Facts

The above graphic American Consumer Family Debt Facts is attributed to Wink and Wink, P.C.

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About Bradley Covey

Bradley Covey is an Illinois bankruptcy attorney helping individuals and businesses file Chapter 7 bankruptcy and Chapter 13 bankruptcy in Kane County, DuPage County, Kendall County and Will County, Illinois. Brad attended SIU undergrad and NIU College of Law. Brad served in the military at Ft. Stewart, Georgia and Ft. Sill, Ok as a Field Artillery Officer. Brad later served in the Illinois National Guard as a Major.

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