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True Dough

(27,622 posts) Wed Jun 11, 2025, 09:31 PM Jun 2025

American debt: Are you in deeper or ahead of the average? [View all]

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The average 🇺🇸 American household owes $10,000 in credit card debt, $58,957 in student loan debt, $241,840 in mortgage debt and $22,612 in auto loans according to a survey by PolicyGenius.

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I'm guessing because this forum skews older, most people aren't as indebted as the average. My wife and I, fortunately, are not. But we aren't prepared for retirement either, which is just several years away.

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American debt: Are you in deeper or ahead of the average? [View all] True Dough Jun 2025 OP

Zero debt. multigraincracker Jun 2025 #1

us also, zero debt since about 2010 ret5hd Jun 2025 #33

My wife and I have zero debt BOSSHOG Jun 2025 #2

How much do you think those cards would be worth? newdeal2 Jun 2025 #5

Based on condition and quantity BOSSHOG Jun 2025 #8

Any particular cards you can recall, BOSS? True Dough Jun 2025 #6

I know Mickey Mantle BOSSHOG Jun 2025 #7

Some 1952 Mickey Mantle card sold for over $12 million DFW Jun 2025 #11

Oh great! True Dough Jun 2025 #16

Oh we'll get by BOSSHOG Jun 2025 #17

And YOU KNOW True Dough Jun 2025 #20

What was that . . ."A jackrabbit in every pot and a bale of hay in every garage"? hatrack Jun 2025 #25

That's for the NEXT box of baseball cards he finds. n/t DFW Jun 2025 #39

I read an article at least 20 years ago BOSSHOG Jun 2025 #19

I have my husband's '56 Topps baseball and football MerryBlooms Jun 2025 #21

Give this guy a call FHRRK Jun 2025 #38

No debt for many decades. fierywoman Jun 2025 #3

Zero debt. anciano Jun 2025 #4

I paid down $80k in debt GenThePerservering Jun 2025 #9

Sorry to hear about your business going belly-up True Dough Jun 2025 #18

The average American household is $332,000 in debt? DFW Jun 2025 #10

That's why he is pushing hard for lower interest rates. multigraincracker Jun 2025 #26

Debt free here. NewHendoLib Jun 2025 #12

Debt MoonlightHillFarm Jun 2025 #13

I have none of those. I pay off my credit cards each month. No mortgage, no car loans, and no student debt. sinkingfeeling Jun 2025 #14

don't know whether to feel good that I'm below average cadoman Jun 2025 #15

Zero debt. Ms. Toad Jun 2025 #22

I only use my pre-paid debit card. multigraincracker Jun 2025 #28

I prefer the benefit of keeping my money in the bank earning a smidgen of interest for an extra 30 days. Ms. Toad Jun 2025 #36

This debit card is a Preferred Customer benefit. multigraincracker Jun 2025 #40

You may want to watch what they charge you at stores. usedtobedemgurl Jun 2025 #43

Merchants are still paying processing fees - Ms. Toad Jun 2025 #44

28 years debt free. BluesRunTheGame Jun 2025 #23

Now I'm confused essaynnc Jun 2025 #24

I got out of debt about ten years ago. Iggo Jun 2025 #27

We're deep enough haele Jun 2025 #29

I guess in the middle r�is�n_dubh Jun 2025 #30

I'm in under $5K, but... LudwigPastorius Jun 2025 #31

Overall, I'm less indebted, but I'm more indebted in some of those categories than everyone else. W_HAMILTON Jun 2025 #32

Zero debt radical noodle Jun 2025 #34

Yes, the credit score system needs some refinement True Dough Jun 2025 #41

No Debt DET Jun 2025 #35

I have zero debt. I've always paid my credit cards off comradebillyboy Jun 2025 #37

We are ahead. usedtobedemgurl Jun 2025 #42