What Is the Average Consumer Debt?

Answer The consumer debt for the U.S. is now over $2.43 trillion, based on a report by the Federal Reserve. This comes out to an average of about $21,900 per household.Source: Read More »

Top Q&A For: What Is the Average Consumer Debt

Average Consumer Debt?

The average consumer debt is about $21,900 per household in the U.S., according to the Federal Reserve. This is equivalent to 132% of the annual disposable income of the average household.Source: h... Read More »

Consumer Income Vs. Debt?

Consumer income is both earned and unearned money that arrives consistently and dependably at pre-determined intervals from sources anywhere in the world. Income determines your quality of life whe... Read More »

What Is Primary Consumer Debt?

Primary consumer debt is a financial term for the type of debt consumers accrue by purchasing basic items for daily life. It describes the costs to individual consumers, not businesses or governments.

Consumer Debt Relief Information?

Unforeseen circumstances, such as a divorce or job loss, can result in an individual's debt level going from manageable to overwhelming. For consumers who struggle daily with debts they cannot pay,... Read More »