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The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [83] Interest on the debt was $404 billion.
United States Averages. Average debt 2019: $90,460 2015-2019 % change in debt: N/A Average credit card balance: $6,194 Average mortgage balance: $203,296 Average auto loan balance: $19,231 Average ...
In addition, the average boomer has $188,034 in mortgage debt and $22,530 in auto loans. The study did find that where you live can also affect how much debt you have.
Almost every category of debt increased in 2023, with the exception of student loan debt. Baby boomers (ages 59 to 77) reduced their debt load during that period — but only slightly, from ...
The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share of the debt. As of 2017 [update] , it is installed on the western side of One Bryant Park , west of Sixth Avenue between 42nd and 43rd Streets in Manhattan , New York City .
This debt overhang then began holding back the economy as consumers paid down debt (which reduces economic activity) rather than spending. Paul Krugman wrote in December 2010: "The root of our current troubles lies in the debt American families ran up during the Bush-era housing bubble. Twenty years ago, the average American household’s debt ...
The average American with credit card debt owed $7,932 on their credit cards in 2023, according to New York Life’s latest Wealth Watch survey — a pretty significant increase from $6,321 the ...
As of September 30, 2012, the total debt was $16.1 trillion, with debt held by the public of $11.3 trillion and intragovernmental debt of $4.8 trillion. Debt held by the public as a percentage of gross domestic product (GDP) rose from 34.7% in 2000 to 40.3% in 2008 and 70.0% in 2012. [58]