average debt outstanding total
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Americaâs growing student-loan-debt crisis The total outstanding student loan debt in the U.S. is $1.2 trillion, that’s the second-highest level of consumer debt behind only mortgages. Most of that is loans held by the federal government. About 40 million Americans hold student loans and about 70% of bachelor’s degree recipients graduate with debt. The class of 2015 graduated with $35,051 in student debt on average, according to Edvisors, a financial aid website, the most in history.
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The New Geography of U.S. Consumer Debt The Urban Institute. Debt is distributed quite unevenly across the United States, as the map above from the Urban Institute shows. In 2013, average total debt ranged from a high of nearly $100,000 in San Jose, California, the heart of Silicon Valley ($97,150), to less than $25,000 in McAllen, Texas. The report notes that the top 20 percent of tracts account for 42 percent of all debt holdings in America.
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- In December 2007, Americans had $12.37 trillion in total debt and $839 billion in credit card debt. [2] Total debt is expected to surpass the 2007 number by the end of 2016 due largely to mortgages and student loans. That’s not a surprise, considering the increase in costs for housing and education described earlier.
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How much is the average mortgage balance in the US? As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners.
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What Is the Average Collection Period Ratio? Over the same period, its net credit sales -- gross sales minus returns -- totaled $600,000. 1  Adding beginning accounts receivable of 46,000 and ending accounts receivable of 56,000 totals 102,000. Dividing by 2 equals 51,000, which is the average accounts receivable outstanding during the one-year accounting period.
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To Whom Does the U.S. Owe Money? Here are the biggest changes of note over the past year: The total amount of the U.S. government’s total public debt outstanding increased by $711 billion, which is $31 billion higher than the federal government’s official budget deficit of $680 billion. This discrepancy is caused by the government’s “off-budget” activities, such as its financing of student loans.
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The Debt to the Penny and Who Holds It See information on the Debt Subject to the Limit. To find the total public debt outstanding on a specific day or days, simply select a single date or date range and click on the 'Find History' button. The data on total public debt outstanding is available daily from 01/04/1993 through 08/16/2016. The debt held by the public versus intragovernmental holdings data is available: 1  Yearly (on a fiscal basis) from 09/30/1997 through 09/30/2001.  Monthly from 09/30/2001 through 03/31/2005.
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Student debt According to the Federal Reserve Bank of New York, outstanding student loan debt in the United States lies between $902 Billion and $1 Trillion with around $864 Billion in Federal student loan debt. As of Quarter 1 in 2012, the average student loan balance for all age groups is $24,301.
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What is the average debt/equity ratio of airline companies? Similarly, the average long-term debt/equity ratio of companies in the regional airlines industry is 78.16, indicating that the average company in the regional airlines industry has $78.16 in debt per $1 of shareholders' equity.
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Credit card debt statistics According to TransUnion, between the first quarters of 2008 and 2014, average credit card debt per borrower fell from a high of $6,276 in mid-2008 to $5,164 in Q1 of 2014 -- the lowest point in the six-year period. 8 Average credit card debt per borrower began to creep up again in Q2 2014, reaching $5,234.
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A Look at 10 Companies With High Debt Characteristics There are 10 lists available. The companies with High Debt generated by the Kapitall List tool have high debt ratios, computed as liabilities/assets. These companies happen to be characterized with an Average Price of Profit of 15 and an average 1-Year Return of 14%. Companies with high debt relative to their assets are leveraged.
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- Average Educational Debt Among Graduating Students. Note: Educational debt is the sum of undergraduate and dental school debt of only those respondents who have debt. Note: Educational debt is the sum of undergraduate debt and dental school debt for all respondents. $50,000-. $99,999. $100,000-. $149,999.
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Debt Ceiling: CNBC Explains The U.S. debt is the sum of all outstanding debt owed by the federal government. It's currently more than $20.1 trillion. Here's the current Debt to the Penny.
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The New Geography of U.S. Consumer Debt Nationwide in the U.S., the average adult with a credit file now carries more than $50,000 worth of total debt, and more than one-third of American adults—77 million in total—had debt in collections last year, according to two new reports released Tuesday by the Urban Institute.
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Average Credit Card Debt in America: 2017 Facts & Figures The greater the household income the higher the credit card debt. Individuals in the highest annual income percentile, 90th to 100th, had an average of $11,200 in credit card debt—nearly four times as much as households making the least.
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How much is the average credit card debt in America? TransUnion's estimate of average card debt per borrower, at $5,234 during the second quarter, is fairly close to the Federal Reserve's G.19 figure. The credit bureau omits cards that have gone unused for long periods, and cards that can be used only at a specific store or gas station.
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- USA Today reported that students graduate with, on average $19,000 in student loan debt and an additional $2,700 in credit card debt. 78% of all college students and 95% of grad students have at least one credit card – the average is three.
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How Much Credit Card Debt Does the Average American Have? According to Gallup, the average credit card debt was $3,848 in 2008, though it was $3,426 in 2006 — lower than 2014. A larger share of adults reported not having any credit cards or balances they didn’t pay in full that year, so perhaps Americans have become less reliant on credit.
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Credit card debt statistics Average credit card debt is not a single number. Instead, you will get many different answers, depending on how you measure it. The average debt is: $1,128 per card that doesn't carry a balance (the amount is charged, but paid off monthly)2.
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- 1 Average credit card debt among indebted households: $15,263. 2  Average credit card interest rate: 14.95% APR. 3  Average mortgage debt: $147,591. 4  Average outstanding student loan balance: $31,646. 5  Average auto loan debt: $30,738.  Only 59 percent of Americans have at least $500 in a savings account saved.
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What is the Average Credit Card Debt in America? (Note: These are only bank credit cards and do not include retail credit cards.) And with those cards, Experian found that the average balance on bank cards in America in 2016 is $5,551. That number is up from the approximate $4,400 balance Experian reported in 2015.
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New Student Loan Debt Survey According to the Experian survey, borrowers from Generation X (ages 35-49) are carrying the largest outstanding student loan balance average ($39,802) while their younger counterparts in Generation Y (ages 21-34) have the greatest number of student loans (4.4 loans per borrower).
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The Average American Household Owes $90,336 -- How Do You Compare? The average American household has total debt of more than $90,000, which includes households that live debt free. The average household with debt owes more than $130,000. This debt burden is costing the average household more than $6,600 in interest per year -- about 9% of the average income.
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US Consumer Debt Statistics and Trends 2012 To Publish this Image on your Blog or Website . Copy this code. In total, American consumers owe: $11.38 trillion, a decrease of 2.95% from last year. $852 billion in credit card debt. $8.15 trillion in mortgages. $914 billion in student loans, an increase of 7.35% from last year. $72 billion in auto loans.
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- The Federal Reserve says that the average household debt is up to $132,529 (including mortgages) a jump of 11% in the past decade. Credit card debt and auto loans are climbing over the $1 trillion mark. Student-loan debt has hit a staggering $1.3 trillion with 44.7 million borrowers, who owe an average of $37,172. That figure alone is up 186% in the past decade!
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Average Credit Card Debt in America: 2017 Facts & Figures North and South Dakota, and Nebraska were among other states which came in with low average credit card debt per household – the three held an average of $4,182. To see the average credit card debt throughout the nation, use the interactive map below.