by . T. Current as of September 2014. U.S. household consumer debt profile:. Average credit card debt: . $15,607. . Average mortgage debt: . $153,500. . Average student loan debt: . $32,656. . In total, American consumers owe:.
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Going into Debt Credit American Household Credit Card Debt Statistics: 2014
Presentation on theme: "Going into Debt Credit American Household Credit Card Debt Statistics: 2014"— Presentation transcript:
Going into Debt Credit American Household Credit Card Debt Statistics: 2014 - Description
by T Current as of September 2014 US household consumer debt profile Average credit card debt 15607 Average mortgage debt 153500 Average student loan debt 32656 In total American consumers owe ID: 724653 Download Presentation
Credit Card Debt Good vs. Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate: 16-17% When credit card bills are paid off within a month, no interest is paid
Agenda. Start time: ____ . Break time: ____ (10 minutes). End time: ____. . Please set phones to silent ring and answer outside of the room.. How I Feel About Credit and Debt. How do you feel about being in debt? Here are some sample statements. Check the one that is closest to your own attitude..
Outstanding money owed by consumers. Examples. Credit Card Debt. Student Loans. Mortgages. Why Is This Important?. Americans Love Debt. At the end of 2010, Americans had $1,117,000,000 in CREDIT CARD DEBT.
What would be considered good credit?. On average how many credit cards does the average household have?. How do credit cards make money?. Video. Who are credit card companies best and worst customers?.
The two sources match up well on credit card charges and fairly well on account totals But the SCF always yields much lower estimates of revolving debt My estimated lower bound for the discrepancy in 2004 is half of the revolving credit card debt to
Tuesday, Jan 21. st. Class Overview. Intro to Credit. Story. Credit Card Debt. Consumer Credit. Dangerous Debt Practices. Credit Card Debt. Credit has become an essential financial tool and a convenience.
By Kirsten Crame & Chris Morton. Disclaimer: the opinions expressed in this presentation are those of Chris Morton and/or Kirsten Crame and are not necessarily the opinions of Crowe Horwath. . EVERYTHING YOU NEED TO KNOW ABOUT FINANCE.
What are things you want to buy right now?. Are they wants or needs?. What is Debt?. When someone owes more money than they have.. Questions to Ask your self before spending. Can I afford it?. How will I pay for it?.
What is Credit. ?. Someone lends you money . 1. The . original amount borrowed is called the ___. Principal . Common Types of Credit. 2. Which . type of credit has the highest interest rates? . Credit Card .