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Thursday, March 21, 2013

How Bad is US Consumer Debt? - US Consumer Debt Statistics 2012

US Consumer Debt Statistics and Trends 2012
From the Credit Examiner

Also from the Credit Examiner:

25 percent of Americans have more credit card debt than they have in emergency savings.

Only 54% of consumers have more emergency savings than credit card debt

There are approximately 37 million student loan borrowers with outstanding student loans today.

One in five U.S. households currently includes at least one resident carrying student debt

Mortgage debt accounts for 70% of U.S. consumer debt and, at a little bit more than $8 trillion, is at its lowest level since 2006.

9.0% of outstanding debt was in some stage of delinquency

Non-mortgage consumer debt increased by 2.2% as compared to last year

In total, American consumers owe:

$11.38 trillion, a decrease of 2.95% from last year
  • $852 billion in credit card debt
  • $8.15 trillion in mortgages
  • $914 billion in student loans, an increase of 7.35% from last year
  • $72 billion in auto loans
U.S. Household Consumer Debt Profile:
Average credit card debt: $15,328
Average mortgage debt: $149,782
Average student loan debt: $34,703

Top 10 States with The Highest Consumer Debt
StateConsumer Debt per Person
Alaska$30,375
Wyoming$26,779
South Dakota$26,736
Colorado$26,424
Maryland$26,374
Virginia$26,206
Oklahoma$26,167
Texas$26,079
Vermont$26,059
Washington$26,020


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