How is that possible when mortgages and student loan debt is factored in? Also I wonder why they excluded medical debt. Maybe they consider these things more “voluntary”
The only thing that COULD make sense is that OP is referencing household income and the article is reporting average American. I could see some mental gymnastics to get a household average of 101915 with some data points that are missing when the average household consists of 90% 2 adults. But yea, you are correct I didn’t see the $101,915 mentioned either.
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How is that possible when mortgages and student loan debt is factored in? Also I wonder why they excluded medical debt. Maybe they consider these things more “voluntary”
There are tons of people who have neither a mortgage nor student loans, which certainly mitigates the average
Medical debt is kinda ghost debt in a lot of ways. There are a lot of situations where it doesn’t count against you.
The only thing that COULD make sense is that OP is referencing household income and the article is reporting average American. I could see some mental gymnastics to get a household average of 101915 with some data points that are missing when the average household consists of 90% 2 adults. But yea, you are correct I didn’t see the $101,915 mentioned either.
Sorry, here… https://www.fool.com/the-ascent/research/average-household-debt/#:~:text=American households carry a total,of the end of 2022.