3 ms·

Math's off should be a little more than that. Average U.S. household owes something close to six figures in debt ~ 7% growth in one year

• knapcio 4y ago
  7% is less than inflation so the real debt actually decreased
  • eyphka 4y ago
    Sadly that's not how it works for the average household. Unless average household earnings go up, inflation hurts as many household debts are variable rates.
    • knapcio 4y ago
      In my opinion that average household is still a winner in long term as eventually rates will drop, average earnings will go up and the loan will already be devalued.
• Ancalagon 4y ago
  That figure includes mortgage debt, GP said CC debt.
  • metadat 4y ago
    I was mistaken, the $16.5T figure is for all debt.
• deleted 4y ago
  [deleted]
• mint2 4y ago
  Something doesn’t add up unless there’s over 30 ppl in average households. Is one number revolving debt and the other all debt? Including mortgages the 165k sounds reasonable