Debt in America: A Deep Dive

by Guest Author on September 20, 2019

in Guest Posts

Not many people enjoy thinking about debt, and managing debt is becoming a bigger stressor in the lives of Americans. National debt has continued to rise, reaching a staggering $13.86 trillion in Q2 2019. The folks over at Ascend have compiled research done by several different sources to provide a holistic view of consumer debt. Some of the questions that they answer in the infographic below include:

  • How has household debt increased over the years? 
  • What is the breakout of types of debt that Americans face?
  • How has debt increased in proportion to income?
  • How does debt vary by age and state?
  • How are Americans dealing with credit card debt?
  • What is the status of student loan debt in America? 
  • Are Americans affording their mortgages?
  • How are Americans dealing with auto loans?
  • What other debts do Americans have?
  • Are most Americans financially literate?

In addition to market research, the infographic also includes insights that Ascend came up with after gathering data from US consumers through questionnaires. Take a look at the infographic below to learn more about consumer debt in America:

Guest article written by: Brianna Miller is a writer and designer for Ascend and Saved by the Cents where she shares in depth articles on topics such as a Chapter 7 Calculator and a Chapter 13 Calculator

Comments & Leave a Comment

comments

{ 1 comment… read it below or add one }

Hodl Bitcoin blog September 21, 2019 at 07:09

And with the Fed printing another $200B this week on top of quantitative easing the situation is only getting to get worse. People need to get rid of debt as fast as possible. Another recession is coming and those in debt will be hit the hardest.

Reply

 

Leave a Comment

CommentLuv badge

Previous post:

Next post: