Interesting debt stats.

[OldWiseGuy]

The following graph shows average debt in several category's. What is interesting is that
3 of 5 of these 'debts' have offsetting assets equal to or greater than the debt itself i.e. mortgages, student loan, and auto loans. Debts that have no or little appreciable value are credit card and medical debt. I was surprised at the low figures for student debt and medical debt. Maybe we're not as bad off as commonly believed. Of course these are averages and individuals may carry much more debt, such as medical students and students attending more prestigious colleges.

 

[381465]

I'm very surprised to see all of the categories that low.

If this is accurate, it's good news.

If it's accurate, the government should definitely be following the example set by individuals.

 

[essentialsaltes]

Not sure if it's the vast difference between mean and median, but this graph shows mean debt per household.
Article.

 

[OldWiseGuy]

Not sure if it's the vast difference between mean and median, but this graph shows mean debt per household.
Article.

I've always been confused by "household" stats when no 'average' figures for household size, age, income, etc. aren't given. Individual stats are more meaningful to me.