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- The average debt in America is $104,215 across mortgages, auto loans, student loans, and credit cards.
- Debt peaks between ages 40 and 49 among consumers with excellent credit scores.
- The largest percentages of the average consumer debt balance are mortgages.
The average debt an American owes is $104,215 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans.
Data from Experian breaks down the average debt a consumer holds based on type, age, credit score, and state. We’ve included supplementary data from the New York Federal Reserve Bank. Both data sets are updated quarterly.
Average debt by type of debt
Here’s an up-to-date breakdown of the average debt per consumer and total balances across all consumers from Experian data from the third quarter of 2023 and Fed data from the first quarter of 2024, respectively.
Mortgage debt is most Americans’ largest debt, exceeding other types by a wide margin. Student loans are the next…
