Concept: November 11, 2022. Household Debt in the United States is at 16.15 trillion US$

As we saw in a previous post, the total US debt stands at 93 trillion US$. Once component of this debt is the household debt, which is the debt that each household has. The household debt in the United States stands at 16.15 trillion US$.

The components of the US household debt are the following:

• Mortgage: 11.39 trillion US$
• Home Equity lines of credit: 0.32 trillion US$
• Student loans: 1.59 trillion US$
• Auto loans: 1.50 trillion US$
• Credit card: 0.89 trillion US$
• Others: 0.47 trillion US$

For further information, read this article

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.