Not too mention indebtedness in this country. How long can they shuffle the cards while the credit card companies suck up the interest? And stock market margin debt is astronomical. Even higher than 2007.
The average US household credit card debt stands at $15,270, the result of a small number of deeply indebted households forcing up the numbers. Based on an analysis of Federal Reserve statistics and other government data, the average household owes $7,123 on their cards; looking only at indebted households, the average outstanding balance rises to $15,270. Here are statistics, trends, studies and methodology behind the average U.S. household debt.
Current as of January 2014
U.S. household consumer debt profile:
Average credit card debt: $15,270 Average mortgage debt: $149,925 Average student loan debt: $32,258
In total, American consumers owe:
$11.36 trillion in debt A decrease of .1% from last year $856.9 billion in credit card debt $7.93 trillion in mortgages $1,049.0 billion in student loans An increase of 11.% from last year
Fundamentals are fine and so are charts. It's more about berating others for the methods they use. I'll make a deal...don't berate me about using a chart and I won't berate you over only using fundamentals. Deal?
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