Quick Facts on Debt in the U.S.

  • Millennials say 21% of their debt comes from student loans while 20% comes from credit card bills
  • The average debt for Americans who earned $45,000-69,999 per year is $4,900
  • Credit card debt in the U.S. approximated to $0.85 trillion when measured in Q1 2019 

Common Types of Debt

  • Student loans
  • Credit card bills
  • Medical expenses
  • Mortgages
  • Auto loans

Warning Signs You’re in a Cycle of Debt

1) You’re struggling to keep up with your current expenses

2) You rely too much on your credit card

3) Your credit score is suffering

4) You’re saving little or no money