STATISTICS
- Average mortgage-$184,417
- Average auto Loan-$28,032
- Average student loan-$47,671
- Average credit card balance-$6,929
- Average credit card holder has 3 credit cards.
The higher the income the higher the debt load
$160,000 or more-$11,200 average debt
$115,000 to $159,999-$8,300 average debt
$70,000-$114,499-$5,800 average debt
$5,000-$69,999-$4,900 average debt
- The average loan amount on a new mortgage-$309,200
- The average homeowner pays $1494 per month on their mortgage
- FHA loans for first time home buyers averaged $190,000
- Time reports that 40 million Americans have student loans
- 28 % of them have defaulted on their student loans
- credit card delinquencies increased 2.74% in 2016
- Auto loan delinquency increase .87%
- From 2009-2011 there were 7.6 million home forclosures