Consumer debt in America is on the rise. Credit cards, student loans, mortgages… we as a nation are spending more than ever.
Consumer debt continues to rise in the United States, approaching $13.86 trillion in Q2 2019.
The infographic below takes a deep dive into the different types of debt that Americans face, compiling research from several different sources to provide a holistic view. Please click on the image to expand.
We ask and answer some fundamental questions: How much is debt increasing with respect to our income? How are Americans dealing with the debt? Are most Americans financially literate?