Sentences with phrase «total consumer debt»

Student loan debt recently surpassed credit card debt at $ 1.3 trillion, and is now second only to mortgages in terms of total consumer debt.

Here's what the typical indebted household owes, as well as total consumer debt balances in the U.S., according to NerdWallet's analysis:

The bank's analysts also found that credit cards, student loans and auto loans have driven total consumer debt increases ever since the late 1980s, when the vast majority of borrowed dollars were for home loans.

Total student loan debt now tops $ 1.2 trillion, making the number of student loans exceeding even total consumer debt (which is at about $ 11.5 billion).

Transunion reported in June that total consumer debt per Canadian, excluding mortgages, grew to $ 25,597 in the first quarter of 2011 (italics mine).

The bad news: America's total consumer debt continues to rise.

As of December 2017, the Federal Reserve shows $ 3.84 trillion of total consumer debt in America, with $ 1.027 trillion of that as revolving (mostly credit card) debt.

Though many consumers refinanced and locked their mortgages at ultra-low rates for 30 years, over a third of total consumer debt is floating and will be readjusted upwards once interest rates rise.

According to Statistics Canada, Canadians now owe $ 1.67 for every dollar of disposable income and Canada's total consumer debt is now at a sky high $ 2.03 trillion.

If your total consumer debt payment (to get out of debt within 3 years) was $ 430 a month, and your mortgage was $ 1,550 a month, your new mortgage payment should be $ 1,980 a month at least till the consumer debt portion is gone.

AS of June 2013, total consumer debt in the United States totaled $ 2.84 trillion.

According to the Federal Reserve, total consumer debt in America is over $ 3,500,000,000,000 — that's TRILLION!

Total consumer debt has been falling steadily since 2008 at a rate not seen in nearly 50 years.

This was more than 70 percent of the total consumer debt.

Lastly, before signing on the dotted line be sure to consider your total consumer debt and add your debt repayment to your monthly costs.

Total Consumer Debt as % of Discretionary Income (Send me email for the chart) The problem with the «consumer debt as percentage of discretionary income» measure (the above chart) is that it ignores the true cost of debt since higher debt levels in a low - interest - rate environment may not result in a high debt service burden (interest and principal payments) on the consumer.

In dollar terms, total consumer debt was $ 3.19 trillion, of which $ 872.2 billion was made up of revolving debt.