According to the Federal Reserve Consumer Finances Survey an average American in 2004 had a 2.3 thousand dollar debt. 2007 Survey will be released in February 2009, but they predict it will grow to close to 3 thousand per American.
Citation: http://www.federalreserve.gov/pubs/oss/oss2/2004/bull0206.pdf - Stan Kudrow
As of 2021, the average personal debt in the United States is around $90,460 per adult, including credit cards, student loans, mortgages, and other forms of debt. This amount can vary depending on factors such as income level, age, and geographic location.
$8000 in credit card debt up
between 9 and 16.
$38000
As of 2020, the average personal savings rate for Americans was around 7.6%. Therefore, if the average American earns $4,000 per month, they would be saving around $304 per month. However, individual circumstances can vary greatly, so this amount may be higher or lower for different people.
In 1960, the average personal income in the United States was around $5,200 per year. Adjusted for inflation, this would be approximately $45,000 in today's dollars.
The average person may have several telephone numbers in a lifetime, including landline numbers, mobile numbers, work numbers, and personal numbers. It can vary greatly depending on factors like technology advances, job changes, and personal preferences.
The term for this practice is debt bondage. It is a form of modern slavery where a person's debt is manipulated to force them into labor or commercial sex work as a means of paying off the debt. The terms of service are not clearly defined, and the individual is often exploited and unable to be free from the situation.
The average American man fathers about 2 children in his lifetime. This number may vary based on factors such as culture, access to birth control, and personal choices.
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
A personal loan is determined by personal debt to credit ratio. Which is only a one factor used to establish eligibility. There is not an average amount. Personal loans are requested for individual needs and can vary.
When people are young and have just purchased a house a personal debt asset ratio of 80% or more is common. For middle-aged people and older a ratio of 50% or less is desirable.
It's a personal bad debt
Average debt is 16,120
Average debt is 16,120
Average debt is 16,120
The acquisition of personal debt is wise if it results in long-term savings and security.
Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.
There are many online tools that can be used as a personal debt manager. These include Debt Coach from the Bills website, Mint, PayDivvy and Expensify.
Help to control personal debt can be found at BDO Debt Help, Hardie & Kelley Insolvency, e-Finance, Debt Helpers, Adcroft, Midwest One and Money Sense.
In today's economy it is great you are looking to reduce your personal debt. I would only recommend using a debt management group if you are not good at budgeting and managing your funds.