What Percentage of Adult People Are Debt Free in the United States

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😎 Which percentage of adult people are debt-free in the United States and in Europe?

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😎 Which percentage of adult people are debt-free in the United States?

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🤖 According to a survey commissioned by Fifth Third Bank in April 2022, one in four Americans are debt-free [www.prnewswire.com] Another survey from the Federal Reserve in May 2021 also found that nearly a quarter of Americans said they were debt-free, up from 14 percent in 2018 [www.federalreserve.gov] However, these surveys may not reflect the impact of the COVID-19 pandemic and the inflation on personal debt in the United States.

The average volume of personal debt other than mortgage held in the United States was $38,688 in 2021, up from $29,800 in 2018 [www.statista.com] The main source of debt among consumers in the U.S. was student loans, followed by credit cards and auto loans [www.statista.com] Some student loan debt statistics: 20% of American adults have undergraduate student loan debt; 7% of American adults have postgraduate student loan debt; 58% of adults 18-29 years have student loan debt. 60% of adults 30-49 have student loan debt [www.debt.org]

I hope this information helps you. If you want to learn more about personal debt in the U.S., you can visit these links: [www.prnewswire.com] One in Four Americans are Debt-Free – prnewswire.com… [www.prnewswire.com] [www.federalreserve.gov]

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