Average U.S. Consumer Debt

Credit Cards

• Average owed by U.S. households: $16,748
• Total owed by U.S. consumers: $779 billion

Mortgages

• Average owed by U.S. households: $176,222
• Total owed by U.S. consumers: $8.48 trillion

Auto Loans

• Average owed by U.S. households: $28,948
• Total owed by U.S. consumers: $1.16 trillion

Student Loans

• Average owed by U.S. households: $49,905
• Total owed by U.S. consumers: $1.31 trillion

Any Type of Debt

• Average owed by U.S. households: $134,643
• Total owed by U.S. consumers: $12.58 trillion

*Current debt figures as of Q4 2016

Causes

• Cost of living expenses have outpaced income growth in different sectors, including medical costs, education and grocery costs.
• The Great Recession led to massive layoffs, destroying home values and raising debt among Americans.
• U.S. Federal Reserve interest rate hikes have raised Americans’ debts.

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