Wednesday, November 20, 2019
Survey The average American has $25,571 in student debt
Survey The average American has $25,571 in student debt Survey The average American has $25,571 in student debt Research has found that Americans spend 22% of their monthly income treating themselves, but recent data from Comet shows that deciding on âa significant purchaseâ takes an average of 134 days. Additionally, 85% of people surveyed owe money on something they bought in the past.But while 41.2% surveyed reported being âdelinquentâ paying off a bill for medical care, 23.6% have been in this state for a student loan, 18.7% have for a credit card, and 13.4% have when paying off a home.In terms of how the research was carried out, the company used Amazonâs Mechanical Turk to poll 1,007 Americans with debt. They were between ages 18 and 82.How much Americans owe, on average âHouse:â $147,910 âStudent loan:â $27,571 âCar:â $11,283 âCredit card:â $5,910 âMedical bill:â $3,895 âSmartphone:â $358 How many people are in debt for various itemsHere are the overall percentages of those surveyed who are in debt because of different items: âCredit card:â 64.8% âCar:â 55.4% âHouse:â 31.0% âStudent loan:â 30.1% âMedical bill:â 26.6% âSmartphone:â 25.1% âComputer:â 11.8% âFurniture:â 10.6% âHome improvement project:â 8.6% âVacation:â 7.6% Here are the top things that Americans polled said theyâd be âwilling to finance:â âHouse:â 93.8% (95.0% of women, 92.7% of men) âMedical bill:â 90.7% (91.8% of women, 89.6% of men) âCar:â 89.5% (91.5% of women, 88.2% of men) âCredit card:â 87.5% (89.5% of women, 87.5% of men) âHome improvement project:â 86.1% (84.1% of women, 85.5% of men) The most popular thing that people âregret requesting a payment planâ for is a âstudent loan,â with 44.8% of women and 46.4% of men saying so. The least popular response was a home, with a slim 3.8% of women and 10.3% of men saying they feel this way.
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