average amount of personal debt held in the U.S. has been decreasing since 2018.
In 2022, around 43 percent of Americans said that they expected to be in debt for another one to five years, whereas 12 percent expected to remain in debt for the rest of their lives. There is also an important share of respondents who did not know how long they would continue to pay their debt. The Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023
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Other statistics that may interest you Personal debt in the United States
Overview
4
- Basic Statistic Household debt to GDP ratio in the U.S. 2014-2023
- Basic Statistic Household debt service payments as a share of disposable income in the U.S. 2011-2023
- Premium Statistic Value of household debt in the U.S. 2023, by type
- Basic Statistic Total average debt in the U.S. in 2022, by generation
Overall consumer lending
4
- Basic Statistic Consumer credit debt of households and nonprofit organizations in the U.S. 2011-2023
- Premium Statistic Average consumer debt in the U.S. 2010-2022
- Premium Statistic Amount of personal debt held in the U.S. 2018-2023
- Premium Statistic Main source of non-mortgage debt among consumers in the U.S. 2023
Mortgage debt
3
Car loan debt
4
Credit card debt
5
- Premium Statistic Penetration rate of credit cards in the United States 2014-2029
- Premium Statistic Quarterly credit card debt in the U.S. 2010-2023
- Premium Statistic Credit card debt in the different states of the U.S. 2022
- Premium Statistic Average credit card balance in the United States in 2023, by age
- Premium Statistic Share of adults planning to carry credit card balance in the U.S. 2020-2023
Student loan debt
4
Buy now, pay later (BNPL)
3
Attitudes towards debt
3
Loan delinquency
5
- Premium Statistic Quarterly delinquency on consumer loans at commercial banks in the U.S. 2007-2024
- Premium Statistic Homeowners with current or overdue mortgage payments in the U.S. in 2022, by race
- Premium Statistic Share of people with debt in collections in the U.S. 2022
- Premium Statistic Value of student loan debt outstanding, by repayment status U.S. 2023
- Premium Statistic Value of delinquent debt balance per capita in the U.S. 2021-2022 (in U.S. dollars)
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17
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- Most used financial products in Turkey 2023
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- Household finances evaluation by credit loan consumers Russia 2020
- Most used financial products in the U.S. 2023
- Survey on how Russians make through financial difficulties in 2020
- Survey on financial hardship frequency in Russia 2020, by employment level
- Most used financial products in the UK 2023
- Public survey on financial hardship frequency in Russia 2020, by family type
- Important factors of savings products for British Millennial generation 2016
- Monthly Primary Consumer Sentiment Index in Mexico 2018-2019
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Statistics
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- ATMs per capita in Belarus 2005-2021
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- Household finances evaluation by credit loan consumers Russia 2020
- Most used financial products in the U.S. 2023
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- Most used financial products in the UK 2023
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- Financial situation as source of happiness for Indians 2019
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Northwestern Mutual. (July 20, 2023). Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023 [Graph]. In Statista. Retrieved March 19, 2024, from https://www.statista.com/statistics/944961/personal-debt-duration-usa/
Northwestern Mutual. "Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023." Chart. July 20, 2023. Statista. Accessed March 19, 2024. https://www.statista.com/statistics/944961/personal-debt-duration-usa/
Northwestern Mutual. (2023). Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023. Statista. Statista Inc.. Accessed: March 19, 2024. https://www.statista.com/statistics/944961/personal-debt-duration-usa/
Northwestern Mutual. "Number of Years Consumers Expect to Remain in Non-mortgage Debt in The United States from 2021 to 2023." Statista, Statista Inc., 20 Jul 2023, https://www.statista.com/statistics/944961/personal-debt-duration-usa/
Northwestern Mutual, Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023 Statista, https://www.statista.com/statistics/944961/personal-debt-duration-usa/ (last visited March 19, 2024)
Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023 [Graph], Northwestern Mutual, July 20, 2023. [Online]. Available: https://www.statista.com/statistics/944961/personal-debt-duration-usa/